Ferrari plans to make a high-end electric auto, said CEO Sergio Marchionne on Tuesday.
The Italian publication Autosprint says the 2017 runner-up's new project is codenamed project 669, and will be launched by Ferrari on February 22.
But despite the undoubted advantage the Ferrari name will have over most serious rivals in the electric vehicle market, the evocative Italian manufacturer faces the same challenges as every other company when it comes to range. 'People are amazed at what Tesla did with a supercar - I'm not trying to minimise what Elon did but I think it's doable by all of us'. Furthermore, in November, Tesla unveiled a second-generation Roadster the company said will go zero to 60 miles per hour in a record 1.9 seconds.
Despite Tesla's lead on the electric vehicle market, large automakers spent 2017 announcingtheywill transition their gas-powered auto models to EVs.
Now he announces that Ferrari is working an electric supercar.
But Tesla's high-performance P100D versions of is Model S and Model X cars deliver eye-popping performance and generate buzz among customers.
Marchionne also said, "If there is an electric supercar to be built, then Ferrari will be the first". What are the chances of a latecomer like Ferrari to make a big progress? As electric cars grow in popularity, and as an increasing amount of the world's energy is generated from renewable sources, petroleum-based fuels will increasingly be seen as socially irresponsible and undesirable. However else the company might distinguish its EV from the competition is anyone's guess, but even the fanciest cars are joining the electric revolution. What's odd is why it's taken Marchionne so long to come around.