Ferrari confirms date its first electric car will arrive...
Legendary Italian exotic car maker Ferrari has confirmed when its first fully electric model will be on sale - and it is arriving very soon, according to bosses.The date its first EV will hit the road was announced this week during its latest earnings report.Despite a reluctance to shift entirely to electric power and Ferrari standing by a long-term commitment to continue development and sales of petrol cars, the Maranello giant said its EV revolution will really kick into gear next year.Its CEO this week confirmed the first Ferrari entirely powered by batteries will be delivered to well-heeled clients from October 2026.The luxury sports car maker posted a 15 per cent rise in first-quarter core earnings and stuck to its broad financial guidance for the year in the face of Trump's 25 per cent car tariffs.It seems that Ferrari and its dealers will absorb some of the extra cost from the tariffs, as it announced a 10 per cent increase in pricing for some US-bound models. Ferrari this week confirmed its debut electric car will be delivered to well-heeled clients from October 2026Ferrari on Tuesday warned that trade implications triggered by the President could cut 50 basis points off its 2025 profit margins. Chief Executive Benedetto Vigna said in February the much anticipated first EV, a departure for Ferrari known for its roaring petrol engines, would begin its unveiling during the company's capital market day on 9 October 2025.However, on Tuesday, Vigna added that Ferrari would only show the 'technological heart' of its electric car on this date, as part of a three-stage reveal process culminating with its full world premiere in the spring of next year.And he also confirmed the date customers will be getting their hands on the first Ferrari EV, which is widely expected to be called the Elettrica. 'Deliveries will commence just months after that, in October 2026,' Vigna told analysts in a post-earnings call.It was the first time the luxury sports car maker has given the timing of when its debut electric car will reach clients. 'Deliveries will commence just months after that, in October 2026,' Chief Executive Benedetto Vigna told analysts in a post-earnings call on TuesdayLast summer, Ferrari confirmed its new 'e-building' where the EV will be produced was near completion.Images showed the new spaces at its Maranello headquarters are pristine, polished, and mostly empty. 'Soon they will hum and vibrate to the sounds of hundreds of employees going about their duties, the most keenly awaited of which will be the manufacture of the hugely anticipated full-electric Ferrari,' the company said in June.'The building is currently in the ‘ramp-up’ phase, that slightly curious half-life that major new facilities must endure before being allowed to fulfill their destiny,' it went on. 'Complex systems that have been years in the planning are being ‘debugged’, lines of code that support the infrastructure ironed out, the gleaming anthropomorphic robots being prepared to perform new functions.'Ferrari plans to continue offering petrol and hybrid cars in the future, along with EVs. Hybrid models, which it started to sell in 2019, accounted for 51 per cent of Ferrari's car sales last year. Last summer, Ferrari confirmed its new 'e-building' in Maranello where the EV will be produced was near completionRead More Trump's tariffs will put up YOUR motor insurance Ferrari sticks to earning forecastFerrari warned that tariffs introduced by Donald Trump threatened its 2025 profit margins but, unlike several other auto makers that recently scrapped guidance - including Mercedes, Ford and Stellantis - the Italian company provided forecasts for the fiscal year.This included full-year earnings before interest, taxes, depreciation and amortisation (EBITDA) of at least €2.68billion (£3.28billion) and for an EBITDA margin of at least 38.3 per cent. Hybrid models accounted for 51% of all Ferraris sold in 2024. Last week, the Italian exotic auto firm unveiled the new 296 Speciale plug-in hybrid model and its convertible version (pictured)In the first quarter, Ferrari's core earnings reached €693million (£590million) driven primarily by a pricier line-up of exotic models, including the introduction of the SF90XX family, the 12Cilindri and the 499P Modificata models.Increased demand for bespoke personalisation requested by buyers and by more profitable markets, driven by the Americas, also provided a boost.'We continue to enrich our product offering,' Vigna said.Ferrari last week unveiled the new 296 Speciale plug-in hybrid model and its convertible version, and promised a total of six new models this year, including its first EV.
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