Ferrari delays second EV model to 2028 due to weak demand

The source said that low market interest would give Ferrari more time to further develop in-house technology for its second electric vehicle.

While Ferrari will be unveiling its first EV later in October this year, it has delayed its second EV model till at least 2028. The model was earlier due in 2026.

The reason for this development is a lack of demand for high-performance EVs, according to insider sources. The source also added that sustainable demand is non-existent for an electric sports car.

Wealthy customers who buy these sports cars love the exhaust note that these cars come with, and that’s what EVs lack. The other reason for buyers going against an EV sports car is that EV batteries are far too heavy and simply lack the sustained power of a fossil fuel engine.

The source said that low market interest would give Ferrari more time to further develop in-house technology for its second electric vehicle.

Coming to Ferrari’s rivals, Lamborghini will launch its first EV in 2029, while Porsche has cut back on its EV ambitions due to soft sales of its electric vehicles like the Macan EV and Taycan. Maserati has also cancelled plans for an electric MC20.

Ferrari will start deliveries of its first EV in October 2026.

Source: Reuters