Ferrari’s first electric car set to have sensational price tag

  • Ferrari is set to launch its first fully electric car next year
  • As you might imagine, it comes with a steep price tag
  • The car manufacturer has previously said its EV will still sound like an authentic Ferrari

Published on Jun 20, 2024 at 11:14 AM (UTC+4)
by Claire Reid

Last updated on Jun 24, 2024 at 4:16 PM (UTC+4)
Edited by Amelia Jean Hershman-Jones

Ferrari’s first-ever electric car is set to come with an eye-watering $535,000 price tag. 

The Italian brand has previously said it plans to launch an EV onto the market late next year – and is in the process of opening up a new plant where the cars will be produced. 

Ferrari says its new factory could boost its production by up to a third and has capacity for up to 20,000 cars a year. 

READ MORE! Everything we know so far about Ferrari’s first all-electric model

Ferrari’s first EV is set to come with a steep price tag

Last month, Ferrari CEO, Benedetto Vigna, gave a promising update on the car.

“Ferrari’s first fully electric model project is going as planned but for some processes, we are even ahead of schedule,” he said.

Now a source close to Ferrari has revealed to Reuters just how much it will cost. 

And if you fancy getting yourself one, then you might want to start saving, because the steep price tag of ‘at least’ $535,000 didn’t include any extras or personal modification.

Those can add an extra 15 to 20 percent to the price.

Fans of the iconic sports car brand may be pleased to learn that Ferrari’s promised its EV will have the same ‘Ferrari sound’. 

The EV will still sound like a classic Ferrari

Speaking to Australian magazine, Drive, Emanuele Carando, Ferrari’s Head of Product Marketing, said it would have the ‘authentic’ roaring sound associated with the cars and deliver the emotions one would expect from a Ferrari.

The company has said it will use the genuine sound of the vehicle to create the signature roar. 

Carando said: “We didn’t communicate we’ll move 100 percent to electric vehicles, but we only said we offer a new technology because we think there is an opportunity to deliver new driving thrills thanks to that technology.”

Ferrari has previously committed to continuing to make its V12 engines until it is no longer legally able to

Carando said the automaker would produce naturally aspirated V12s until the governments order them to stop.

He explained: “We hope the law in the future will continue to show opportunities, probably working on new petrol which is more sustainable.

“We believe it’s important to give to our clients who love this engine, both in the present and probably in the future.”

# Tags - Cars, EV, Ferrari


Claire Reid

Claire Reid is a journalist who hails from the UK but is now living in New Zealand. She began her career after graduating with a degree in Journalism from Liverpool John Moore’s University and has more than a decade of experience, writing for both local newspapers and national news sites. Across her career she's covered a wide variety of topics, including celebrity, cryptocurrency, politics, true crime and just about everything in between.