Ferrari's First Fully Electric Car: What We Know So Far

20th February 2025

2025 is shaping up to a be a big year for Ferrari. Next month a certain Lewis Hamilton will don red overalls and spearhead their quest for a first Formula One title in 17 years. And if rumours are to be believed, they plan to end an equally long wait for a maiden electric vehicle.

Perhaps the most eagerly anticipated EV of modern times, this particular model is set to be one of six unveiled by the Italian manufacturers before Christmas.

In fact, we even have a date for the diary, courtesy of CEO Benedetto Bigna’s fascinating speech at the recent 2024 Results Presentation.

Motorheads have circled 9th October – better known as Capital Markets Day – given Ferrari have promised to ‘reveal more about our future’ on what promises to be a momentous occasion.

So what do we know about the first all-electric prancing horse?

Ferrari in 2024: Record Profits and Future Planning

Firstly, it arrives at one of the most successful points in the brand’s history. During the aforementioned Results Presentation, a £1.26bn profit was announced for 2024, marking a 21% increase on the previous year. Moreover, the automakers recorded their highest ever sales and delivery figures across a 12-month period. The numbers are so strong, they’re well on their way to eclipsing revenue targets laid out for 2026. Indeed these are likely to be adjusted upwards.

Evidently, it’s a good time to work for the Scuderia. And it’s surely even better if stationed at their new e-building, from which this coveted EV will almost certainly emerge.

A 42,500 square mile factory farm based just north of Maranello, this development was opened in June and underlines a commitment to electrification and innovation alike. Costing £165m the ‘E’ in its name apparently stands for energy, evolution and environment, charting a course for future projects.

Designing the Ferrari EV

Just how an all-electric Ferrari will look and drive has been the topic of much debate in recent years. Back in September however we got a first glimpse… of sorts.

That’s because a heavily camouflaged prototype was seen entering its headquarters in late summer. The design was naturally obscured, but observers did note what appeared to be a Maserati Levante inspired body and headlights from the popular Roma Spider model. Eagle eyed fans were also quick to highlight a fake exhaust and yellow high-voltage stickers at both the front and rear.

How much we read into this sighting is unknown. The consensus though appears to be the upcoming EV will likely be a four door GT, most probably an SUV with sizable wheels.

Many pundits also anticipate a styled crossover, much like 2022’s Ferrari Purosangue. The latter boasts a fully active suspension and rear wheel steering and became a real fan favourite upon its release three years back. Don’t be surprised if the EV adheres closely to its design, albeit a little shorter in height.

Ferrari Wheels - MAT Foundry

Other clues may stem from the recent Ferrari F80 hypercar. This came complete with 800v architecture and a self-charging hybrid system. It’s hard to imagine engineers veering wildly from this blueprint, particularly as Bigna made proud reference to it in this bold speech.

“The will to progress that has always characterised Ferrari has led to innovation in our infrastructure”, he said. “With the inauguration of the e-building; in our products, best highlighted by the new supercar, the Ferrari F80; and in R&D, with the new E-Cells Lab that will further strengthen our electrochemical knowledge to prepare us for the future.”

All but confirming plans to unveil an all-electric car he promised 2025 “will be an important moment in our history. For the first time we will have three kinds of traction - ICE, hybrid electric.”

6 New Ferraris in One Year

The hype surrounding a debut EV is understandable but detracts from the fact no less than six new vehicles have been teased. Insiders are remaining tight-lipped about production, but speculation is rife this number will include a replacement for the now scrapped SF90 Stradale, originally intended to be a plug-in hybrid V-8 supercar.

Given the aforementioned success of the Purosangue, a newer, more affordable alternative to the V-12 has also been mooted.

Meanwhile an updated Ferrari 296 GTB, the two-seater offered as a coupe and a GTS folding hard-top, is also said to be in the works.

But there’s no denying the star attraction. Unofficially christened ‘Ferrari Electrica’ by gearheads, it will arrive with much fanfare and immediately be expected to rival the likes of the Audi RS e-tron GT Performance and Porsche Taycan Turbo S.

That’s elite company to keep however those hoping to own the new Ferrari will have to fork out far more than they might have for those two preceding models. According to Reuters, the latest Red Devil will cost at least $500,000 when it hits forecourts in 2026. Small change to the likes of Lewis Hamilton perhaps but not us mere mortals…

For context, the Taycan was launched with a starting price of £139,000 in the UK and the RS e-tron totalled £142,000.

Ferrari Bodywork - MAT Foundry

How Will The Fully Electric Ferrari Sound?

Given the enduring appeal of a brand beloved by motorists across the world, every detail will be scrutinised. Because Ferrari’s are synonymous with the soulful purr of V12 engines, this will extend to sound. It’s no surprise to learn the manufacturer patented their own sound system in early 2023 and the expectation is they will augment the natural noise of their electric motors for this project, as opposed to faking that of an internal combustion engine. Few would dispute that’s the right call.

Further details on Ferrari’s first full-electric car will emerge over the coming months but all roads lead to October 9th. If recent performance is anything to go by, expect it to exceed expectations.