Overview

• Ferrari's new electric vehicle will start at 500,000 euros, significantly higher than its average sale price.
• The new model is set to launch in late 2025, with a second EV already in development.
• A new factory in Maranello will increase Ferrari's production capacity to around 20,000 vehicles annually.
• Despite higher costs, Ferrari expects strong demand from wealthy customers, particularly in emerging markets.
• Rival brands like Lamborghini are also entering the luxury EV market, with plans for their own electric models.