Ferrari Halves EV Targets, Amid Disappointing Profit Forecast After Elettrica Revealed
Ferrari has reduced its 2030 electric vehicle （EV） goal from 40% to 20%, signaling a slower transition toward electrification. The move was announced during the company’s Capital Markets Day in Maranello, where executives also presented details of Ferrari’s first all-electric car, the Elettrica, set to launch in 2025.Elettrica Launch and Features
Ferrari confirmed the Elettrica will be a four-door grand tourer built at its new e-building facility in Maranello.
The vehicle will feature:
[*]A top speed exceeding 310 km/h （193 mph）
[*]A range of approximately 530 km （329 miles）
[*]A system that amplifies natural drivetrain vibrations to maintain Ferrari’s driving feel
The company also stated that its second EV will not debut before 2028, citing weak demand for high-end electric cars.
Profit Outlook Disappoints Investors
Ferrari issued updated long-term financial guidance that fell short of market expectations.
the automaker now projects:
[*]Adjusted EBITDA: approximately €3.6 billion by 2030
[*]2025 revenue: raised slightly to €7.1 billion
Following the announcement, Ferrari’s stock dropped between 12% and 15%, marking its worst single-day decline on record.
Reasons for the Revised Strategy
Ferrari stated that the reduction in its EV targets was driven by several factors, including:
[*]Uncertain global demand for fully electric supercars
[*]High costs and technical challenges in maintaining Ferrari’s performance standards
[*]Regulatory uncertainty, particularly around synthetic and carbon-neutral fuels
As a result, Ferrari plans to maintain a balanced production mix between hybrid and combustion-engine models through the end of the decade.
Industry Impact
The revision aligns Ferrari with other luxury automakers, including Lamborghini, McLaren, and Aston Martin, that are adopting hybrid-first strategies before a full EV transition.
Analysts note that the move reflects a broader market trend toward slower electrification in premium performance segments.
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