Ferrari will begin deliveries of its first fully electric vehicle (EV) in October 2026, CEO Benedetto Vigna confirmed.
The announcement came as the Italian luxury automaker reported a 15% increase in core earnings for the first quarter and maintained its full-year financial guidance, reported Reuters.
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While the EV will be introduced in stages, the company is set to reveal only the “technological heart” of the vehicle during its capital markets day on 9th October 2025.
Vigna told analysts in a post-earnings call: “Deliveries … will commence just months after that, in October 2026.”
This marks the first time Ferrari has provided a timeline for when customers can expect to receive the new model.
Analysts noted that the delayed full unveiling may suggest a shift in the company’s initial launch schedule.
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By GlobalDataHowever, Ferrari typically begins deliveries around three quarters after a model’s official premiere, aligning with the projected October 2026 delivery date.
Despite the introduction of its EV, Ferrari will continue to produce and sell internal combustion and hybrid models.
Hybrid vehicles, which Ferrari began offering in 2019, accounted for 51% of its total sales in 2024.
The company also cautioned that tariffs introduced by President Donald Trump could impact its 2025 profit margins by about 50 basis points.
Nevertheless, unlike some of its industry peers—including Mercedes, Ford, and Stellantis—Ferrari reaffirmed its 2025 financial forecasts.
These include a target of at least €2.68bn ($3.04bn) in full-year EBITDA and an EBITDA margin of at least 38.3%.
In the first quarter of 2025, Ferrari reported core earnings of €693m, closely aligning with analysts’ expectations of €689m, according to a Reuters poll.
The earnings were supported by high-end models such as the SF90XX series, the 12Cilindri, and the 499P Modificata, alongside strong demand for customisations and higher-margin markets, particularly in the Americas.
Shares in Ferrari rose 1.6% on the Milan Stock Exchange following the earnings announcement.
The automaker recently unveiled the 296 Speciale plug-in hybrid and its convertible version and plans to launch a total of six new models in 2025, including its first EV.
