Ferrari Unveils its First Electric Vehicle: Ferrari has officially confirmed the debut of its first all-electric vehicle, which will take place on October 9, 2025. The Italian marque will unveil the revolutionary model during its Capital Markets Day event in Maranello, Italy. CEO Benedetto Vigna hinted at this milestone while discussing the company’s 2024 financial results, stating, “And we will reveal more of our future on October 9.”
This announcement marks a major shift in Ferrari’s engineering philosophy. Known for its high-revving internal combustion engines, the brand now embraces an electrified future. While Ferrari has yet to disclose the vehicle’s name, recent developments suggest a radical departure from its traditional design approach.
Six New Ferrari Models Coming in 2025
In addition to the electric vehicle, Ferrari plans to launch six new models in 2025. The company has not revealed specifics about these upcoming vehicles. However, one of them could be a successor to the SF90 Stradale, which Ferrari recently discontinued. The SF90 Stradale, Ferrari’s plug-in hybrid V8 supercar, set benchmarks in hybrid performance. Its discontinuation strongly indicates an evolution in Ferrari’s electrification strategy.
Spy Images Suggest a Crossover or GT Design
Recent spy images have provided insights into Ferrari’s first electric model. Camouflaged test vehicles spotted in Maranello suggest a crossover or grand tourer (GT) body style. Prototypes feature a four-door hatchback-style design with fake exhaust tips, possibly to mislead onlookers. Ferrari has also reportedly equipped the test vehicles with artificial engine sounds to maintain its signature driving experience.
If Ferrari is going to choose a GT or crossover body style, it will mark another historical moment. Historically, Ferrari focused on two-door supercars, but an electric grand tourer could be something that could interest a more extended customer base, and integrate all the sophisticated aerodynamics and performance-focused engineering into it.
Ferrari continues to achieve strong financial results despite evolving industry trends. In 2024, the company sold 13,752 cars, an increase of 89 units compared to 2023. This growth reflects steady demand for Ferrari’s high-performance vehicles, even as the industry shifts towards electrification.
The brand reported profits of €2.56 billion last year and expects to reach €2.68 billion in 2025. Ferrari believes that the new models, including the electric car, will significantly contribute to this growth. In 2024, the company shipped ten internal combustion engine (ICE) models and six hybrid models, with ICE vehicles accounting for 49% of deliveries and hybrids making up 51%.
Ferrari’s Position in the Indian Market
Ferrari recently introduced the 12Cilindri, its flagship V12-powered supercar, in India. The 12Cilindri comes in both coupe and spider versions, priced at ₹8.50 crore and ₹9.15 crore (ex-showroom), respectively. The launch reflects Ferrari’s commitment to serving the Indian market, where demand for ultra-luxury sports cars continues to grow.
A New Chapter for Ferrari’s Legacy
Ferrari’s first electric car represents more than just a new model—it marks the brand’s transformation in a rapidly evolving industry. As emissions regulations tighten and EV technology advances, Ferrari must balance innovation with its rich heritage. While the upcoming EV will lack a roaring V12 or a high-revving V8, it promises to deliver cutting-edge performance and the brand’s signature driving dynamics.
As the unveiling date of October 9 approaches, the anticipation is building up. Ferrari enthusiasts, industry experts, and luxury car buyers across the globe eagerly await this historic debut. Will Ferrari redefine electric performance? The answer arrives in a few months.
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