Ferrari says it won’t become an electric-only brand


Ferrari is open to electrifying its cars, but it’s not planning on fully ditching internal combustion technology in the near future. Its top executive confirmed he doesn’t want to make the Prancing Horse an EV-only brand.

“My own sense is that to sort of say 100% electric, that’s pushing things. I really don’t see Ferrari ever being at 100% EV. And, certainly not in my lifetime it will reach even 50%,” said Louis Camilleri, the company’s 65-year old CEO, during a conference call with investors.

Ferrari entered the hybrid segment before most of its rivals; the LaFerrari unveiled in 2013 used an electric motor and a Formula One-derived Kinetic Energy Recuperation System (KERS). It released its first series-produced plug-in hybrid model, the SF90 Stradale (pictured), in 2019 and celebrated it as the most powerful road-going car it has ever built. It’s certainly not opposed to electrification, but taking the engine out entirely poses problems.

“We firmly believe that battery technology is not yet developed enough to meet the needs of a supercar. In the next five years, we do not believe the technology will be able to meet the needs of a Ferrari,” explained Enrico Galliera, the company’s commercial boss, earlier in 2020 during an interview with British magazine Autocar.

And yet, Ferrari can’t skirt the government regulations forcing carmakers to build cleaner models, so an electric model will likely end up joining the range. It won’t arrive before 2025, and it’ll be the exception, not the rule.

Not every company whose stake is planted in the hypercar segment agree with Ferrari’s assessment. Lotus is putting the final touches on the Evija, which will offer drivers a 2,000-horsepower punch, while Croatian start-up Rimac is busy crash-testing the C_Two, a limited-edition hypercar with 1,914 horsepower. Pininfarina — the brand, not the storied design house — still hopes to bring the $2.2 million Battista to the market in 2021.

Related Video:



Source link

Discover

Sponsor

Latest

Joe Biden lays out a detailed plan to fight coronavirus

U.S. Democratic presidential candidate Joe Biden speaks about his plan to beat COVID-19 in Wilmington, Delaware, October 23, 2020.Kevin Lamarque | ReutersWASHINGTON –...

Chip shortage will last another quarter

Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng's third production model...

CVS Health has 10,000 staffers ready to vaccinate seniors at nursing homes

CVS Health Chief Executive Larry Merlo said the company is ready to administer "vaccines into the arms of some of our most vulnerable...

Royal Caribbean ‘cruise to nowhere’ returns early to Singapore

A man sits by the balcony of the Royal Caribbean International cruise ship, Quantum of the Seas docked at Marina Bay Cruise Centre...

Nike, Hims & Hers Health, FedEx & more

A pedestrian walks past American multinational sport clothing brand, Nike store and its logo seen in Hong Kong.Budrul Chukrut | SOPA Images |...