The electric revolution has also arrived in Maranello. Just a few days ago, Ferrari, in an effort to balance the need to reduce emissions with a reputation built on the prowess of its traditional combustion engines, will make nearly half of its models all-electric by 2030.
The plan was unveiled during Capital Markets Day on May 16 by Benedetto Vigna, Ferrari’s CEO. He has a clear ambition: to power 40 percent of red cars with batteries alone by the decade’s end. It is an ambitious goal with the desire to become carbon-neutral by 2030. To date, just 20 percent of Ferraris are hybrids, and there is still no electric-only model. Only one in five cars will still mount a combustion engine, with 40 percent becoming hybrid.
Ferrari believes that its racing heritage and early use of batteries in hybrid supercars will give it an advantage in developing battery-only models. By 2026, only 25 percent of R&D investment will go to engine-only models, with the rest split between battery systems and hybrid technology. Ferrari, which frequently updates its sports car lineup with limited-run models, will launch 15 vehicles by 2026. However, the company did not specify how many will be all-electric.
“On the one hand, we have to cope with emission regulations. Above all, we see electrification as a way, a technology, that can improve our performance. On the other hand, I think the internal combustion engine still has a lot to give, ” he said. In addition to introducing all-electric models starting in 2025, Ferrari said profits would increase between 2.5 and 2.7 billion euros this year, up from 1.5 billion euros last year. The company also targets margins between 38 percent and 40 percent, up from 35 percent last year. It also intends to buy back about 2 billion euros of shares by 2026, up from the 1.1 billion euros repurchased since 2018.
