Ferrari Unveils First All-Electric Model, Targeting New Customer Segment

Ferrari, the renowned Italian luxury car manufacturer, has announced the introduction of its first fully electric vehicle, marking a pivotal development in the brand's evolution towards technological neutrality. The new model, which features four doors and four seats, is equipped with a powertrain exceeding 1,000 horsepower, a driving range of over 530 kilometers, and a top speed of 310 kilometers per hour. The official reveal took place during the company's Capital Markets Day at its Maranello headquarters.

This launch signals Ferrari's commitment to diversifying its portfolio and catering to a broader spectrum of automotive enthusiasts, including those who exclusively drive electric vehicles. The company emphasized that the decision to proceed with an all-electric model stems from its strategy to provide customers with a comprehensive selection of propulsion technologies, encompassing traditional combustion engines, hybrid systems, and now, fully electric drivetrains.

The all-electric model, provisionally named Ferrari Elettrica, is scheduled for its world premiere in the spring of 2026. Before the global launch, Ferrari plans to reveal details regarding the vehicle's interior design in early 2026. The company stated that the new model is the culmination of extensive research and development efforts, which began in 2009 with the introduction of hybrid technologies inspired by Formula 1 engineering. Ferrari's leadership underscored that this milestone reflects the brand's expertise in integrating advanced technology, creative design, and high-level craftsmanship.

In line with its long-term vision, Ferrari has outlined ambitious financial targets as part of its 2030 strategic plan. The company aims to achieve approximately 9 billion euros in net revenue by 2030, with an average annual growth rate of around 5 percent. The core drivers of this growth are projected to be the brand's sports car offerings and related automotive activities, while motorsport and lifestyle divisions are also expected to contribute positively to overall performance.

The manufacturer's operating profit (EBIT) is forecast to reach at least 2.75 billion euros by 2030, supported by a robust product mix that includes limited edition vehicles. To sustain innovation and maintain its competitive edge, Ferrari has allocated 4.7 billion euros in investments during the course of the strategic plan, with a significant portion dedicated to developing the next generation of sports cars.

Ferrari also announced changes to its shareholder return policy. Starting with the 2025 fiscal year, the company intends to increase its dividend payout ratio to 40 percent of adjusted net income, resulting in an estimated dividend distribution of approximately 3.5 billion euros between 2027 and 2031. In addition, Ferrari will initiate a new share buyback program totaling around 3.5 billion euros, which will be executed from 2026 until the conclusion of the current strategic plan.

Through these initiatives, Ferrari is positioning itself to meet the evolving demands of the automotive market, attract a new segment of clients, and reinforce its reputation for technological leadership and design excellence.