Ferrari's First Electric Car to Debut at Over $500K

Luxury automaker plans to launch its high-priced EV in 2025, aiming to boost production and maintain exclusivity.

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.