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First electric Ferrari to be unveiled on October 9

The first ever electric Ferrari will make its debut later this year, the company’s CEO has confirmed.

Speaking on the 2024 earnings conference call, the Italian supercar brand’s CEO, Benedetto Vigna, said its first EV would be one of six models launched this year and would be presented in ‘a unique and innovative way’ at its Capital Markets Day on October 9.

This year’s model, which will replace Ferrari’s rumbling V12s for silent electric motors, marks another major shift for Ferrari, which shocked some purists with the ‘not-an-SUV’ Purosangue SUV in 2022.

The announcement of the first electric Ferrari coming this year comes just days after rival Aston Martin said it was pushing its first EV back to 2030 to focus on hybrids. Lamborghini has also recently delayed plans for its first all-electric supercar.

No technical details of the new model have been revealed but test mules have already undertaken thousands of miles of testing. These are believed to be running under modified Maserati Levante bodies, which could suggest that the first electric Ferrari may be an SUV. It is understood that whatever shape the car takes, it will be an all-new model rather than a replacement for an existing ICE car.

Vigna has said in the past that the new model will be produced ‘in the right way’ and offer a driving experience worthy of the Prancing Horse badge.

Reuters previously reported that the EV will cost at least 500,000 and will be swiftly joined by a second all-electric model.

The Ferrari EV will be built at a newly developed 200 million ‘E-building’ in the marque’s hometown of Maranello, alongside ICE and hybrid models. The plant, which sits alongside existing production lines, will eventually produce all the drivetrain components for its electric and hybrid models, including motors and batteries.

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Matt Allan

Matt is Editor of EV Powered. He has worked in journalism for more than 20 years and been an automotive journalist for the last decade, covering every aspect of the industry, from new model reveals and reviews to consumer and driving advice. The former motoring editor of inews.co.uk, The Scotsman and National World, Matt has watched the EV landscape transform beyond recognition over the last 10 years and developed a passion for electric vehicles and what they mean for the future of transport - from the smallest city cars to the biggest battery-powered trucks. When he’s not driving or writing about electric cars, he’s figuring out how to convert his classic VW camper to electric power.