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Ferrari unveils debut EV, but scales back electrification plans

Ferrari has reversed its 2030 EV target from 40% of its model range down to 20%. By Stewart Burnett

Ferrari has unveiled the technical foundations of its first-ever electric vehicle (EV), the Elettrica, while simultaneously scaling back its electrification ambitions for the decade's end. The Italian supercar manufacturer revealed the Elettrica's production-ready chassis at a capital markets day event in Maranello on 9 October, but confirmed it had also revised its 2030 EV target to 20% of model range from a 40% projection made in 2022.

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