Ferrari CEO debunks claims that manufacturing of EVs will affect performance

Ferrari intends to introduce an all-electric vehicle, but internal combustion engines will likely continue to play a big role in the company's future.

The first electric vehicle will be exhibited in 2025, and the first shipments will begin by 2026, according to CEO Benedetto Vigna.

Currently, only 4 Ferrari models, or 20% of the lineup, are hybrid vehicles. The limited edition La Ferrari, which was released in 2013 and relied on Formula 1 technology, was the company's first hybrid model.

Over the next 4 years, the exotic automaker expects ICEs to account for 40% of its "product offering," with hybrid and all-electric vehicles accounting for 60%. It expects ICEs to account for 20% of its lineup by 2030, with hybrid and fully electric vehicles each accounting for 40%.

According to Ferrari's plans for electric vehicles, the battery cells will be put together in Maranello, Italy. According to the statement, the customized battery modules will be fitted into the automobiles' chassis in a procedure aimed at decreasing "the weight of the vehicle."

In an effort to ease concerns that the company's impending electric option may sacrifice performance, Ferrari's CEO told CNBC on Tuesday that the premium automaker has a thorough knowledge of vehicle dynamics.

“It’s true, we have a few 100 kilos more than a regular ICE car for the same kind of horsepower, but what really … reassures me is the fact that we have [a] deep understanding of the vehicle dynamics. Consider today, a lot of cars have, more or less, access to the same electronic chips,” Vigna said.

“But we in Ferrari … the engineers in Ferrari, are able to provide something that is unique, that is distinctive.”

Other premium automakers are also considering electrification initiatives, including BMW's Rolls-Royce Motor Cars and Volkswagen's Bentley Motors.

All of the aforementioned occurs as major European economies prepare to transition away from gas and diesel-powered automobiles.

By 2030, for instance, the U.K. intends to end the sale of diesel and gas vehicles. All new automobiles must have zero tailpipe emissions starting in 2035.

Similar goals are being pursued by the European Union, which the U.K. exited on January 31, 2020.

The electrification approach, according to Vigna  is "highly relevant."

Between 2023 and 2026, Ferrari expects to introduce 15 new models, which includes a new high-performance supercar, according to Financial Times.

The much anticipated Purosangue utility vehicle will be unveiled in September as Maranello, in northern Italy, headquartered Ferrari increases its model lineup. The Purosangue, named after the racehorse in Italian, will make up no more than 20% of all vehicles made during its cycle.