Italian luxury sports carmaker Ferrari has raised its 2025 guidance despite the United States’ 15% tariffs on foreign car imports, as it unveiled the powertrain and chassis of its first fully electric production vehicle.
Chief Executive Officer Benedetto Vigna said the Ferrari Elettrica will be delivered beginning late next year, with the full design to be revealed in spring 2025. He declined to disclose target production numbers or pricing details.
Under Ferrari’s new five-year plan, the company’s product mix by 2030 will comprise 40% internal combustion engines, 40% hybrids, and 20% electric vehicles, with an average of four new launches annually. The plan also emphasizes smaller production runs for each model to preserve exclusivity.
The Ferrari Elettrica, the company’s first fully electric vehicle, represents a new segment intended to attract fresh clientele.
It is the culmination of 15 years of Ferrari’s electrification research, beginning with the hybrid technology derived from its Formula 1 program and first featured in the 2013 La Ferrari supercar.
To ensure that the Elettrica retains Ferrari’s hallmark performance and emotional driving experience, the vehicle will replicate engine vibration through accelerometers on the rear axle, amplifying it to create a distinctive sports car sound.
Drivers will be able to choose between five power levels via steering panels, offering a sensation of continuous acceleration.
Ferrari will produce most of the car’s key components in-house, including the battery system and software. The chassis and body shell will consist of 75% recycled aluminium, reducing carbon emissions by 6.7 tons per vehicle.
Updating its financial outlook, Ferrari forecast revenues to exceed €7.1 billion ($8.2 billion) this year, up from the previous estimate of over €7 billion. It expects earnings before interest, taxes, depreciation, and amortization (EBITDA) of €2.7 billion, with a margin above 38.3%.
In its five-year plan, the Formula 1 team and luxury brand aims to reach net revenues of €9 billion by 2030 and EBITDA of at least €3.6 billion, maintaining a 40% margin.
Chief Financial Officer Antonio Picca Piccon said the confirmation of U.S. tariffs on European car imports removed “an important element of uncertainty,” adding that the raised targets reflect Ferrari’s strong business performance and higher revenue from its sports car division.
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