Ferrari officially announces ambitious electric sales goals and promises ‘even more unique cars’

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FERRARI is hitting the accelerator on its plan to make 80% of its sales electric and hybrid by 2030.

The Italian auto maker tagged its 2030 target with a promise to release “even more unique cars”.

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Ferrari’s Hybrid SF90 Stradale Modelcredit: getty

ferrari Shared this information with investors on Thursday, CNBC Report.

Vigna confirms Ferrari will make its first release electric model According to CNBC, 15 new models will be launched between 2023 and 2026, before 2025.

Ferrari plans to go completely electric cars 5% of its sales in 2025 and 40% in 2030.

Ferrari’s call on Thursday showed the manufacturer is confident in its electric target in 2030, with chairman John Elkann saying, “The opportunity set of electrification and electronics will allow us to build even more unique cars.”

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Ferrari chief executive Benedetto Vigna told investors: “We believe we can use electric engines to enhance the performance of our cars,”

Drivers considering buying a Ferrari focus on performance specifications such as the car’s 0-60 mph and top speed.

Electric vehicles (EVs) generally produce 0-60 mph faster than their gas-powered counterparts because they do not have a transmission.

An EV’s lack of transmission allows motor energy to go directly to the wheels.

Electric cars lag behind gas-powered cars in the top-speed category.

EV manufacturers typically limit the top speed of their cars to conserve battery energy and extend driving range.

The shift from gas to electric is an astronomical expense for any traditional gas-powered carmaker such as Ferrari.

Ferrari’s planned electric transition will be extra expensive given the need to build high-performance vehicles that match or surpass the performance of its gas competitors.

EV batteries cannot provide the continuous power of a combustion engine sports car at this time.

As CNBC reports, Ferrari is expected to invest $4.58 billion in its transition by 2026.

Ferrari will spend billions in an effort to break out of its gas-powered legacy and 80% of all-electric and hybrid sales by 2030

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Ferrari will spend billions in an effort to break out of its gas-powered legacy and 80% of all-electric and hybrid sales by 2030credit: getty



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