That's right, the iconic prancing horse is going electric. Ferrari's first EV is set to gallop onto the streets in late 2025, and it's promising to redefine what we expect from high-performance electric vehicles.

Now, let's talk numbers, and brace yourselves because they're big. According to insider reports, Ferrari's first EV is rumored to cost a jaw-dropping $535,000. You heard that right - more than half a million dollars! This isn't just a car; it's a statement of luxury and innovation. This astronomical price tag propels Ferrari's first EV into a league of its own. It's set to become the most expensive non-limited production model in their illustrious lineup, surpassing even the SF90 Stradale supercar and the Purosangue SUV. Ferrari's clearly positioning their electric debut at the very pinnacle of the luxury market.

Now, you might be wondering, what exactly are we getting for all that cash? Well, Ferrari's playing their cards close to their chest, but we've managed to piece together some exciting details.

Contrary to what you might expect, Ferrari's first EV may not be a traditional supercar. Rumor has it that it could take the form of a Grand Tourer or even an SUV. This unexpected move could be Ferrari's way of appealing to a broader luxury market while still maintaining its performance pedigree. But don't worry, purists. Ferrari isn't straying too far from its roots. They're committed to developing their own electric motors, inverters, and batteries for their first EV. This in-house approach ensures that the electric Ferrari will have that special DNA that makes a Ferrari, well, a Ferrari.

The new building where the First Ferrari EV will be built. — Ferrari's new e-building, where they will be building their new cars. Image credit: Ferrari

To make this electric dream a reality, Ferrari is expanding its legendary Maranello plant. This expansion isn't just about making room for a new model; it's a statement of intent. Ferrari is gearing up to boost its annual production from 14,000 to a whopping 20,000 vehicles. That's a clear sign that they're betting big on their electric future. And here's where it gets really interesting. Ferrari has been quietly filing patents for cutting-edge EV technology. We're talking about a 3-motor powertrain that could deliver mind-bending performance. But perhaps most intriguingly, they're working on ways to recreate that emotional Ferrari sound in an electric format. After all, a Ferrari isn't just about speed; it's about the entire sensory experience.

The first Ferrari EV is scheduled to roll out in late 2025, with production ramping up in early 2026. This timeline puts Ferrari in a prime position to capitalize on the rapidly growing luxury EV market while still having time to perfect its electric technology.

So, what does all this mean for the future of luxury cars? Will Ferrari's first EV live up to the incredible legacy of its combustion-engine siblings? And perhaps most importantly, will it be worth that eye-watering price tag? These are questions that have the entire automotive world buzzing with anticipation. Ferrari's move into the electric arena isn't just about one car; it's about the future direction of high-performance vehicles. If Ferrari can successfully translate its values of speed, emotion, and luxury into an electric platform, it could set new benchmarks for what's possible in the world of EVs.

As we eagerly await more details about Ferrari's electric stallion, one thing's for certain: the race toward the future of luxury performance is heating up, and Ferrari is determined to lead the pack.

We'll be keeping a close eye on this story as it develops, bringing you all the latest news and insights. Will Ferrari's first EV revolutionize the luxury car market? Only time will tell, but one thing's for sure - it's going to be one hell of a ride.

Source: Ferrari