• Ferrari Delays Its EV Plans, But It Has Absolutely Nothing to Do With Financial Stability

Don’t worry - The company will still be here...

Word has been circling that Ferrari has delayed its plans to shift into building EVs until 2025, and it’s 100-percent true. Some outlets, however, would have you believe that Ferrari might not even be around by then – @FredericLambert from Electrek, I’m looking at you. The truth is that there’s a good reason that Ferrari has decided to push its plans for an EV from roughly 2023 to 2025 or later.

Like McLaren, Ferrari Realizes the Battery Technology Isn’t Ready Yet

Ferrari Delays Its EV Plans, But It Has Absolutely Nothing to Do With Financial Stability Exterior
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In the past, Ferrari expected to have an all-electric vehicle on the market sometime after 2022, and maybe as early as 2023, but now, it looks like it won’t have until at least 2025 if not a little later. It has nothing to do with the brand’s financial situation – Ferrari is actually sitting very pretty right now – but more with how battery technology has evolved. In an interview with Reuters, Ferrari CEO, Louis Camilleri, said:

“The battery technology is not where it should be yet. There are still significant issues in terms of autonomy, in terms of speed of recharging.”

He went on to suggest that an electric Ferrari was, in fact, coming, but it wouldn’t be until at least 2025 and probably sometime after that:

“Eventually we will come out with one. But it’s post-2025. Not in the short term”

Building a Ferrari EV is More Complicated Than it Sounds

Ferrari Delays Its EV Plans, But It Has Absolutely Nothing to Do With Financial Stability Exterior
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When you think about automakers shifting to EVs, it seems relatively simple. Ford will have an electric F-150 that’s practically indistinguishable from its gas-powered counterpart. The same thing can be said for Mercedes and its EQ lineup – The EQA is, essentially, a GLA while the EQC is, basically, a GLC.

Ferrari, however, has more heritage to keep in mind, and it, for intents and purposes, occupies a different place in space and time. Ferrari has to take its future into consideration. Remember, Ferrari is not a mass producer of automobiles, and a single failure can cost the company big time. It is in a position to sustain itself even during rough times, but every move maid needs to be strategic and well thought out. And, whatever move the company makes to EVs has to represent the future of Ferrari because there’s no going back.

“We are looking at various powertrains and trying to see what would be the most efficient and effective in terms of what our vision is for Ferrari cars in the future”

Hybrid Ferraris Are Still Important

Ferrari Delays Its EV Plans, But It Has Absolutely Nothing to Do With Financial Stability Exterior
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Ferrari might be relatively new to the hybrid game as well, but this is one area where it plans to shine over the next couple of years. Now that the Ferrari SF 90 Stradale is here – it’s the brand’s first series-production hybrid car – the hybrid model will expand, even potentially to other models. Ferrari expects 60-percent of its cars sold by 2022 to be hybrids, and it will be these hybrids that carry the company as it comes up with a solution for battery technology or alternative fuels to propel itself into the next stage of evolution.

2021 Ferrari SF90 Stradale
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So, even if a Ferrari EV doesn’t hit the market until after 2025 – it may not even be until 2030 – the company is still going to position itself on a greener playing field as hybrid technology becomes more common in its cars. In the meantime, Camilleri has said that the group was looking into alternative technologies as well, and there is even a (probably slight) potential for hydrogen or biofuel to come into the equation as well.

2020 Ferrari SF90 Stradale Hybrid drivetrain specifications
Internal combustion engine
Type V8 - 90° - turbo – dry sump
Total displacement 3990 cc
Maximum power output 574 kW (780 cv) @ 7500 rpm
Max torque 800 Nm @ 6000 rpm
Specific power output 195 cv/l
Max. engine speed 8000 rpm
Compression ratio 9.5:1
Hybrid system
Maximum power electric motors 162 kW (220 cv)
Battery capacity 7.9 kWh
Max. range under electric power 25 km
Transmission and gearbox 8-speed, F1 dual-clutch transmission
Maximum speed 340 km/h
0-100 km/h 2.5 s
0-200 km/h 6.7 s
100-0 km/h 29.5 m
Dry weight/power 1.57 kg/cv
Laptime at Fiorano 79s

Why Are Automakers Like Ferrari and McLaren Avoiding Electric Vehicles?

The Rimac C Two Shows Off New Livery at the 2019 Geneva Motor Show
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It’s not that the elite automakers are avoiding full-scale EVs; it’s more like they are waiting for the time to be right. As of right now, battery technology is still in the early stages of evolution, and EV car batteries are unbelievably heavy. This affects every single part of a car’s dynamics, and automakers like McLaren and Ferrari have to protect their image. You can’t have a Ferrari that handles like a tank, can you? Furthermore, battery range needs to be in place as well – Cars like the Ferrari SF 90 and the McLaren Senna, for example, are meant to be on the track – you can’t have a car that’s going to run out of juice after 120 miles of hard pushing. Tesla’s batteries my provide awesome range, but if you stomp on the go-pedal all day, you won’t get anywhere near the advertised range.

Think about this for a moment. The Rimac Concept One has a range of just 205 miles at best. The Nio EP9 can muster up 265 miles. Porsche swore the Taycan would deliver 300 miles, but the EPA just gave it a rating of 210 miles. I know it resides in a completely different segment, but for the sake of argument, it’s worth mentioning.

EV Comparison
Rimac Concept One Nio EP9 Porsche Taycan
Year 2017 2016 2020
Price POA $1 Million + $150,000.00
Top Speed 220 MPH 194 MPH 161 MPH
Range 221 Miles 265 Miles 210 Miles (EPA)
0-62 MPH 2.6 Seconds 2.7 Seconds 2.6 Seconds
2019 Nio EP9 Exterior
- image 736475
2019 Nio EP9
The world’s fastest electric car!

The point is that when Ferrari or McLaren finally produce an EV, they have to represent more than a new model from the brand. They have to meet the expectations for handling, performance, quality and, in the case of electrification, an acceptable range. What loyal customers really expect in terms of range remains to be seen, but one this is for sure – any electric car from any elite manufacturer must be as good as or better than the gas-powered models that came before them. Automakers must consider the following:

  • Battery weight
  • Battery positioning (center of gravity, and how it affects handling)
  • Short-term performance
  • Long-range performance
  • Overall packaging
  • Cost of production
  • Cost to the consumer
  • Cost of maintenance

Final Thoughts

Ferrari Delays Its EV Plans, But It Has Absolutely Nothing to Do With Financial Stability Exterior
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When you ask why automakers like Ferrari, McLaren, and Lamborghini are falling behind the rest of the world in terms of electrification, I have only one answer for you: Because they have to.

It’s the same reason Porsche, despite having the technology now, isn’t expecting to push the 911 into EV territory anytime soon. When going electric means producing a car than can handle as good or better and meet or exceed every single expectation, then that’s when you’ll start seeing full-scale EVs from the world’s finest and most exclusive automakers.

Until then, expect to see more hybrids popping up and expect to hear more news about battery development. Batteries will eventually evolve to a point where their use will be feasible for everyone and, when that happens, prepare to see your favorite brands as you know them now change forever. It is coming, so it’s not a question of if, it’s merely a question of when. For Ferrari, the answer to that question is sometime in the late-2020s at best.

Source: Reuters

Robert Moore
Robert Moore
Editor-in-Chief and Automotive Expert - robert@topspeed.com
Robert has been an auto enthusiast his entire life. He started working cars at a young age, learning the basics from his father in the home garage on the weekends. As time went on, Robert became more and more interested in cars and convinced his father to teach him how to drive when he was just 13 years old. Robert continued working on cars in his free time and learned as much as he could about engines, transmissions, and car electrical systems, something that only fed his curiosity more and eventually led him to earn a bachelors degree in automotive technology with a primary focus on engine performance and transmission rebuilding.  Read full bio
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