Ferrari is planning to launch its first fully electric car in October this year, marking a shift for the luxury sports car brand known for its high-performance petrol engines, reported Reuters.

Ferrari CEO Benedetto Vigna was cited by the news agency as saying that the company plans to debut its first fully electric car for a capital markets day on 9 October at its Maranello headquarters in Italy.

Vigna said that the company’s plans, which includes the launch of six new models this year, will not be affected by US policies or trade war risks.

Ferrari's move towards electrification began in 2019 with the introduction of hybrid models, which accounted for 51% of its sales last year.

The Italian company expects its EBITDA to rise from €2.56bn ($2.64bn) in 2024 to at least €2.68bn ($2.77bn) in 2025.

Ferrari buyers frequently customise their cars for an extra cost, mainly choosing unique paint, livery, and carbon features.

These customisations made up about 20% of total revenue last year, up from 19% in 2023, with a similar trend expected in 2025, Ferrari CFO Antonio Picca Piccon said.

The US market has also seen increased deliveries. However, Ferrari has no plans to expedite shipments to pre-empt potential tariffs.

With 13,752 cars delivered last year, Ferrari maintains a 10% cap on deliveries to China, a country where EVs are increasingly popular and offer tax advantages over petrol vehicles.

Last year, Ferrari opened new factory in Maranello, Italy to produce its electric supercars alongside ICE and hybrids.

The new factory is also equipped to manufacture electrical components, including high voltage batteries, electric motors and axles.