Ferrari Unveils 1,000 HP ‘Elettrica’ EV, Halves Long-Term Electric Sales Target

Ferrari unveiled its first EV, the 1,000+ hp ‘Elettrica,’ set for 2026 delivery, but revised its 2030 all-electric sales goal from 40% to 20% due to cautious demand.

Ferrari N.V, during the Capital Markets Day event in Maranello, revealed the technology behind its first all-electric car, the Elettrica. The production-ready chassis and components of the high-performance model were also showcased, which promise over 1,000 horsepower. However, the company’s announcement was coupled with a massive shift in the long-term electrification strategy.

First EV Details

Elettrica is the codename for the new model that will be a four-seat coupe, and the deliveries are set to start in late 2026. All the key electric vehicle components, including the high-voltage battery packs, electric axles, and inverters, are to be developed and made in-house by Ferrari’s new “e-building” facility to ensure the car meets the brand’s stringent standards for performance and emotion.

Performance Specs Stagger

The Elettrica will adopt a groundbreaking quad-motor configuration, which will have one permanent-magnet synchronous motor mounted on each wheel, generating a total power of more than 1,000 hp. The new electric vehicle is built on an 800-volt architecture, which makes it capable of providing phenomenal acceleration along with superb handling. The key performance benchmarks revealed are:

EV Target Halved

In spite of the cutting-edge unveiling, Ferrari revealed that it is slashing its all-electric aspirations for the end of the decade by half. The earlier 2022 plan sought 40% of its model mix to be electric by 2030; now it has been lowered to 20%. The change is said to be due to the supply-demand mismatch and the general market reluctance with regard to the demand for high-performance luxury electric cars, which has turned out to be less than expected.

New Powertrain Split

The new strategy elaborates on Ferrari’s model mix for 2030, giving a bigger share to traditional powertrain models of higher margin. The new mix is as follows:

Financial Goals Revised

At the same time, Ferrari, the luxury automaker, increased its financial guidance. The company enhanced its revenue and adjusted earnings targets for 2025 and now expects its net revenue to be €9 billion and adjusted EBITDA to be at least €3.6 billion by 2030. However, the long-term revenue target did not meet the market expectations, and this led to a significant drop in the company’s share price.

2026 Debut Confirmed

Although the full design of the Elettrica is not yet revealed, with more information coming in early 2026, the company has confirmed that the final model is going to be launched commercially in late 2026. Benedetto Vigna, the CEO, assured that the EV is an extension of the range, not a conversion, indicating that the brand’s multi-energy approach is still in place and is continually beneficial to its customers, who are very important to the company.