It sounds like Ferrari is finally ready to put the pedal to the metal with its electrification efforts. During the marque’s annual meeting on Thursday, chairman John Elkann announced that the Prancing Horse’s first EV will arrive by the middle of this decade, much sooner than anyone was expecting, reports Automotive News Europe.

The comments come less than six months after former CEO Louis Camilleri said the company would never go fully electric. “We are very excited about our first all-electric Ferrari that we plan to unveil in 2025,” he said during the meeting. “We are continuing to execute our electrification strategy in a highly disciplined way.”