Ferrari is going carbon neutral, but remains vague on EV rollout

Trending 1 week ago 5

Yesterday we got different glimpse into Ferrari’s aboriginal cleanable vigor plans with its second-quarter net release. Although anticipation is gathering for Ferrari’s EV rollout, the institution is keeping the details nether wraps.

Ferrari ($RACE) is champion known for its legendary supercars. When you spot a cherry reddish Ferrari walk by, determination is nary mistaking it, but tin the institution support up with the car manufacture rapidly transitioning to EV?

Many automakers are targeting 25 to 50% EV income by 2025, yet Ferrari is sticking to its timeline for its afloat electrical merchandise that year.

At the aforesaid time, the institution is committing to releasing 15 caller models betwixt 2023 to 2026, and lone 1 to beryllium afloat electric. So far, Ferrari has remained existent to its roots. It has dipped its toes into the “electrification” marketplace with 4 hybrid models:

SF90 Stradale SF90 Spider 296 GTB & 296 GTS

But, the institution sees an accidental with EVs to usage Ferrari’s unsocial representation successful addressing lawsuit needs.

Ferrari EVFerrari SF90 Stradale plug-in hybridFerrari’s Q2 EV update, plans to spell c neutral

On Ferrari’s second-quarter earnings call, CEO Benedetto Vigna says the institution is successful a bully presumption to marque the transition. In addition, helium adds:

We volition unveil our archetypal afloat electrical exemplary successful 2025, a existent Ferrari that volition enrich our merchandise range. It volition incorporate respective unsocial features and it volition beryllium a athletics car arsenic each Ferrari that offers a existent Ferrari driving experience.

So far, this is each we cognize of Ferrari’s EV plans. The institution is keeping the details, if any, to themselves. The institution plans for EVs to marque up 5% of full models successful 2026. And past by 2030, the institution expects afloat electrical vehicles to marque up 40% of its fleet.

At the aforesaid time, the automaker says it has taken further steps towards its extremity of c neutrality by 2030. For example, the institution installed (with Bloom Energy) a 1-megawatt solid oxide substance compartment plant astatine Ferrari’s Maranello facilities.

The works supplies 5% of Ferrari’s vigor required for production. Meanwhile, the works besides reduces substance depletion and toxic emissions.

Lastly, Ferrari is opening to instal solar panels connected its facilities to trim c emissions further and execute vigor independence. Once installed, the star panels volition nutrient 1.7 gigawatt-hour per year.

Subscribe to Electrek connected YouTube for exclusive videos and subscribe to the podcast.