A Fully Electric Ferrari? You’ll Have To Wait Until After 2025

Ferrari won’t launch its first electric model until after 2025, as the technology is not yet ready according to the company’s CEO Louis Camilleri.

Last time the Prancing Horse from Maranello talked about an electric model, they said they would offer one only after 2022, with analysts forecasting a launch not before 2023. Camilleri however is now moving the date further off, according to Reuters.

Related: Ferrari To Slow Down Its Model Launch Rate Next Year

“The battery technology is not where it should be yet,” Camilleri told reporters. “There are still significant issues in terms of autonomy, in terms of speed of recharging. So eventually we will come out with one. But it’s post-2025. Not in the short term.”

Ferrari’s Chief Executive added that the company is “certainly” examining the prospect of a fully electric grand tourer, but for the foreseeable future they will focus on hybrid powertrains. Earlier this year, Ferrari has revealed the SF 90 Stradale, their first series-production hybrid model.

The Italian car maker targets 60 percent of all its cars sold by 2022 to be electrified, with Camilleri adding that they are also considering alternative technologies, like hydrogen and biofuels.

“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,” he said.

Ferrari has launched no less than five new models this year -SF 90 Stradale, F8 Tributo, F8 Spider, 812 GTS, and Roma- with 10 more coming in the next four years. One of them is the highly anticipated Purosangue SUV, which is expected to hit the market in 2022.