Ferrari has halved its target for electric vehicle production, stressing the continued need for the internal combustion engine to navigate “uncertain times”.
The Italian luxury carmaker said on Thursday it now aimed to make 20 per cent of its models fully electric by 2030, down from a 40 per cent goal announced three years ago.
Ferrari revealed its downgraded EV ambition as it unveiled core technologies behind its first-ever electric sports car that it said would come with a “roomy” space, high-performing batteries and an electric engine with a distinctive sound.
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