Home News Ferrari intends to launch its first all-electric car in 2025: Electrification strategy falls short of market expectations

Ferrari intends to launch its first all-electric car in 2025: Electrification strategy falls short of market expectations

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Ferrari intends to launch its first all-electric car in 2025: Electrification strategy falls short of market expectations

Ferrari (RACE.US) said it plans to launch the first all-electric Ferrari in 2025. But Jefferies analyst Philippe Houchois said Ferrari’s cautious strategy may not be welcomed by investors. Houchois said, “Ferrari could extend the operation of the profit division with the internal combustion engine and amortize their investment there. But that may not be what the market wants to hear, because the thinking among investors is that Ferrari should rush into the electric car market immediately and never look back.”

Ferrari has not yet provided a roadmap or timeline for achieving all-electric vehicles, while Volkswagen’s Bentley brand and Volvo both plan to achieve their all-electric vehicle goals by 2030. Notably, Ferrari is working on solid-state batteries, as well as hydrogen fuel cells and synthetic fuels.

Ferrari also expects the company to project EBITDA (earnings before interest, taxes, depreciation and amortization) of €2.5 to €2.7 billion by 2026, compared to a target figure of €1.65 to €1.7 billion for 2022. For the period 2022-2026, the company expects to allocate €4.4 billion in capital expenditures to drive product development, with about 75% focused on products and about 25% on infrastructure.

Ferrari plans to accelerate the electrification of its cars in the coming years. With this goal in mind, the manufacturer plans to expand its Maranello plant and expand a third production line dedicated to the production of hybrid and electric cars. And this time, Ferrari’s 2022 to 2026 strategic objectives also announced the construction of a new building for the production of hybrid and electric engines, as well as the development and assembly of electric batteries.