Ferrari CEO Does Not Expect Fully-Electric Model Until After 2025

Dec 18, 2019 557

BY: Alan Baldwin

Ferrari won’t have its first fully electric model ready until after 2025 as the battery technology requires more development, Chief Executive Louis Camilleri said, pushing back expectations.

The luxury carmaker had previously said a fully electric vehicle would be available only after the current industrial plan ends in 2022. Analysts said they had not expected it before 2023, but the latest comments suggest an actual launch could be further off.

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