Despite Ferrari’s commitment to preserving its combustion engines for as long as possible, the iconic automaker is not lagging behind in the electric vehicle (EV) revolution.
Ferrari is already well underway in the development of its first-ever EV, which remains unnamed, but is expected to be revealed in late 2025 with sales beginning in 2026.
By “well underway,” Ferrari isn’t just in the early stages of design; prototypes are already hitting the road for testing.
Spy photos have revealed these test mules disguised in Maserati Levante bodywork, offering a glimpse of the potential size of Ferrari’s inaugural electric car.
CEO Benedetto Vigna has confirmed that development is progressing, with prototypes racking up miles on real roads.
Maranello has been tight-lipped about specific details, but Vigna has promised that the EV will be done “the right way,” delivering the signature driving experience that defines all Ferraris.
This is crucial for supercar buyers, who have generally shown little enthusiasm for EVs, to ensure that Ferrari maintains its legacy well into the electric future.
What is known is that this will be a true Ferrari at its core. The company has constructed a new factory on the northern side of its existing facility, dedicated to producing the EV alongside hybrids and combustion models.
This new factory will manufacture key components, including motors, transaxles, inverters, and batteries.
Ferrari’s intention is to handle as much of the production in-house as possible, allowing it to fully service and restore vintage electric Ferraris, just as it does with its classic combustion cars today.
Although Ferrari will be vertically integrating much of the EV’s technology, it will source its battery cells from an undisclosed supplier and then assemble them into packs.
While specific battery chemistry remains unknown, Vigna confirmed the use of higher-density batteries, ruling out the less power-dense lithium iron phosphate (LFP) formula that many automakers are adopting. Ferrari aims to boost its battery power density by 10 percent annually.
Though details about the EV’s performance remain scarce, one thing is certain: it won’t be silent. Vigna noted that electric motors naturally produce sound, and Ferrari is not interested in using artificial noise enhancements.
Instead, the company may follow the Porsche model by amplifying the natural sound of the electric motors through the audio system.
Ferrari’s venture into electric technology is not entirely uncharted territory. The brand has been utilizing electric motors in Formula 1 since the introduction of the Kinetic Energy Recovery System (KERS) in 2009.
Additionally, Ferrari’s latest hybrid race car recently claimed victory at the 24 Hours of Le Mans for the second year in a row, demonstrating the brand’s expertise in electrification.
Reports suggest the Ferrari EV will be priced around $550,000 when it becomes available for order in 2026, though Ferrari has not officially confirmed this figure.
Vigna called the price “surprising” and stated that Ferrari typically finalizes pricing just one month before production begins, though he did not deny the estimate.
He also mentioned that Ferrari plans to emphasize personalization options more than ever, which could significantly increase the cost depending on customer preferences. The new factory has been designed to accommodate this level of customization.
While Ferrari has not disclosed expected sales volumes, the company projected during a 2022 shareholder meeting that its first EV will account for 5 percent of total sales in its debut year.
By 2030, Ferrari expects 40 percent of its sales to come from fully electric models. There are also rumors that Ferrari is already working on its second electric vehicle, though no further information has been revealed.
- Estimated Price: $550,000
- Expected On-Sale Date: Early 2026