Although Ferrari won’t be ready to launch its first electric vehicle until the end of 2025, the carmaker’s new EV plant will be ready to start production in June 2024, according to Ferrari CEO, Benedetto Vigna.
Known internally as the “e-building,” the flexible plant will be able to build both electric and hybrid vehicles, as well as the brand’s next-generation powertrains, Bloomberg reports.
The facility is an important part of Ferrari’s plan to become a carbon-neutral company by 2030. It will also play a major role in the luxury automaker’s plan to continue producing its own powertrain components.
Read: Ferrari Boss Says First Fully Electric Vehicle Coming In 2025
Although Ferrari has been slower to move into the EV space than rivals such as Porsche, it is not completely without experience in the realm of electrification. Hybrids like the 296 GTB and SF90 currently make up 35 percent of sales.
The automaker previously stated that it intends for EVs and hybrids to make up 60 percent of sales by 2026 and 80 percent by 2030.
Vigna also hinted that the brand’s latest model, the Purosangue SUV, could contribute to its electrification goals. The SUV is currently powered by a V12 that makes 715 hp (533 kW/725 PS) and 528 lb-ft (716 Nm) of torque, but Vigna teased that a plug-in hybrid powertrain could be on its way.
However, Ferrari isn’t planning on going EV only. It expects plug-in hybrids to make up half of its electrified vehicle sales through 2030. Despite a shrinking share of internal combustion-only vehicles, Ferrari is expected to keep them around for longer than most rivals, aiming to achieve its carbon goals with the help of the e-fuels.
