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Ferrari to launch its first fully-electric model in 2025

The first zero-emission Ferrari will hit the market in 2025, bosses at the car company confirmed.

Chairman John Elkann speaking at a general meeting on Thursday said the brand will continue with its electrification strategy, which includes its first battery-only powered model arriving in four years time.

The iconic Italian supercar manufacturer is currently in the process of appointing a new executive chairman after former CEO Louis Camilleri stepped down in December.

First fully-electric Ferrari n 2025: Bosses at the iconic car maker has confirmed it will launch its first zero-emission model by the middle of the decade

Elkann told shareholders: 'We are continuing to execute our electrification strategy in a highly disciplined way. And our interpretation and application of these technologies both in motor sport and in road cars is a huge opportunity to bring the uniqueness and passion of Ferrari to new generations.

'We are also very excited about our first all-electric Ferrari that we plan to unveil in 2025 and you can be sure this will be everything you dream the engineers and designers at Maranello can imagine for such a landmark in our history.' 

Ferrari launched its first hybrid-powered supercar, the £376,048 SF90, in May 2019 and has added to the plug-in vehicle's range with the addition of the £415,000 Spider version. 

In full-electric mode, it can be driven 15 miles without the V8 petrol engine having to be used.

PHEV power: This is the SF90 Stradale, Ferrari's first ever plug-in hybrid you can charge from the mains in your house

Switch it into eDrive mode and it can travel up to 15.5 miles (25km) in zero-emissions electric power only. It's ideal if you don't want to wake the neighbours in the morning, Ferrari says

He added that the brand is making good progress on a shortlist of 'very strong' candidates to be the Italian luxury car maker's next chief executive. 

Elkann said the list would include people who have 'all the right qualities, including importantly the technological capabilities, to lead our company'.

'We are also very excited about our first all-electric Ferrari that we plan to unveil in 2025,' the Italian brand's chairman said this week

Former CEO Louis Camilleri left his role at the end of 2020, citing personal reasons, after being in the role for nearly two and a half years, just as the company was rolling out new hybrid models and getting ready for its first ever SUV, called 'Purosangue' (Thoroughbred).

'The new CEO and the senior management team will share Ferrari´s exciting future with you during our (capital markets day) in 2022, which will also be a year of important new product launches and particularly the Purosangue which is turning out to be something truly special,' Elkann said.

He added the company known for its 'Cavallino Rampante' or 'Prancing Horse' logo, was set to unveil three new models this year.

Ferrari is often seen by analysts and investors as a luxury goods company rather than an automotive specialist, and during his tenure Camilleri launched a plan to widen the brand to clothing, accessories, entertainment, luxury products and services.

Elkann said the company was making good progress with those plans, with the historic Cavallino restaurant in Ferrari's hometown of Maranello to reopen at the end of May and its first men's and women's luxury collection to be launched in June.  

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