Some said it would never happen.
If vehicles like the Ferrari SF90 Stradale and Ferrari 296 GTB are precursors of what's to come, electrification won't diminish the Prancing Horse's appeal. In fact, Ferrari is having no trouble selling its hand-crafted supercars, reaching a company record of 11,155 vehicles sold in 2021. With sales showing no signs of slowing down, Ferrari is reportedly investing heavily into production facilities, according to an Automotive News report.
The report cites sources familiar with the investment, which involves an expansion at Ferrari's Maranello plant in Italy. This expansion includes a third production line specifically for electrified vehicles and a battery R&D facility. Ferrari will supposedly share its new electrification strategy next week on June 16 during a capital markets day.
Ferrari CEO Benedetto Vigna, who was appointed last year, will present the strategy and lay out the company's plans for the next four years. Vigna was brought in to usher Ferrari through its most significant change in decades, shifting away from 12-cylinder engines towards electrification. Ferrari recently stopped taking orders on its V12-powered 812 model and the V8-powered F8 Tributo, signaling this pivot. The Italian automaker will launch its first all-electric car in 2025, though it has a lot of work to do between now and then to catch up with more well-established EV makers.
No details are currently known about the upcoming Ferrari EV, but SF90 and 296 show what the company is capable of with electrified powertrains. The SF90 pairs a 4.0-liter twin-turbo V8 engine with three electric motors, combining to produce over 986 horsepower. Those electric motors on their own produce 217 hp, making the SF90 pretty quick even when running without its engine. As for the 296, it uses a 3.0-liter twin-turbocharged V6 also paired with electric motors, combining for 818 hp.
Despite their immense power, Ferrari's hybrid cars are no match for the all-electric Rimac Nevera in a drag race. In order to bridge the performance gap, Ferrari will need its own EV.