Surprise, surprise, the first electric Ferrari will likely cost a bundle.
The legendary sports car maker’s first fully battery-powered model is expected to cost well over $500,000, reports Reuters. It won’t be the brand’s only EV for long, either, as another is already in the works.
Sources familiar with the matter told the newswire that the first electric Prancing Horse will cost at least €500,000, or $535,000. That figure is just the starting price and doesn’t include the premium add-ons that the brand’s customers are so fond of that regularly add 15 to 20 percent to the overall vehicle cost. That would make the EV one of Ferrari’s most expensive core models, trailing only the hybrid SF90 Stradale (which is pictured above and starts at $525,000) and the Daytona SP3 ($2.3 million).
Precious little is known about the company’s first EV, except that it will make its debut in late 2025. Details have started to filter out in recent months that suggest that Ferrari is intent on building a battery-powered model that delivers the same thrills as one of its ICE vehicles. Earlier this month, global marketing director Emanuele Carando told the Australian press that the new vehicle would produce the same roar that drivers have come to expect from the automaker over the decades, although he did not explain how.
In recent months, a number of sports car makers, like Aston Martin, have expressed anxiety about whether or not their customers even want to buy EVs. Ferrari doesn’t seem to have the same worry. Reuters also reports that the automaker is already at work on a second all-electric model. Little is known about the vehicle, which is said to be in the earliest stages of development, but don’t expect it to be built in high numbers. Ferrari does not want production across its lineup to reach 20,000 vehicles per year, at least in the near term.
All-electric Prancing Horses may be on the way, but Ferrari, which unveiled its first hybrid road model, the LaFerrari, in 2013, remains committed to building purely gas-powered sports cars (and SUVs). During the same press tour where Caranado talked about the sound of the company’s first EV, he also said that the marque would keep building V-12 engines until they are banned.
