Economy

Ferrari says it'll do an EV supercar before Tesla

Ferrari says it'll do an EV supercar before Tesla

The luxury carmaker said it also plans to launch an SUV by the end of 2019 or early 2020.

Speaking at the event in Detroit yesterday, the company's chief executive, Sergio Marchionne, told Auto Express that the vehicle will be ready by the end of 2019 or beginning of 2020. The upcoming Ferrari SUV will revolutionize the utility vehicle industry. "So we are working on the vehicle but it's not finished".

But it was no real surprise that Ferrari had bowed to the inevitable, especially with the Lamborghini Urus about to arrive (at that point) and the Bentley Bentayga doing great business. "They're just mock up bodies just now".

More news: Boris Johnson says he "vastly underestimated" Brexit savings at £350m

Ferrari will build an electric supercar to take on Tesla's Roadster and others, according to its Chief Executive Officer Sergio Marchionne. "I'm not trying to minimise what Elon did but I think it's do-able by all of us". He said: "We need to learn how to master this whole new relationship between exclusivity and scarcity of product, then we're going to balance this desire to grow with a widening of the product portfolio". Ferrari is targeting annual sales exceeding a self-imposed 10,000-car limit that until now has enabled it to operate under less-stringent fuel-economy rules, people familiar with the matter said in August.

Despite Marchionne's aspiration to be first past the post, Aston Martin and Volkswagen both claimed in 2017 to already be developing their own electric supercars.

Tesla has turned the world of supercars on its head when it unveiled a prototype of its next-generation Roadster with record-breaking specs past year.


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