Tech

Ferrari to release electric car in fall

Reuters reports that Ferrari is set to launch its first all-electric model in October.

“Electrification is a path we have been on for decades, starting with Formula 1, then moving from our racing cars to our sports cars,” Chairman John Elkann said at the company’s annual shareholders’ meeting. “We are delighted to present the Ferrari Elettrica, which will be launched on October 9.”

CEO Benedetto Vigna confirmed at the shareholders’ meeting that Ferrari would continue to produce petrol, hybrid, and fully electric cars. “Indeed, in line with our strategy, we continue to invest in all three powertrains to give our customers maximum freedom of choice,” he said.

Hybrids accounted for 51% of Ferrari’s car sales last year.