Ferrari Has No Plans for All-Electric Lineup Says CEO

In spite of the current onslaught of climate change’s effects, many car brands have elected to resist the transition to electric vehicles (EVs) to some or even to every degree.

One such brand, Ferrari, has just stated that it would be “pushing things” to say the company would ever go 100% electric, according to Jalopnik. The statement comes shortly after the release of its Ferrari SF90 Stradale, its first production hybrid vehicle.

At its Q3 earnings report, Ferrari CEO Louis Camilleri said, “But there should be cost savings longer term as battery technologies improve as well. However, my own sense is that, you know, to sort of say 100% electric, that’s pushing things.” Camilleri continued, “I really don’t see Ferrari ever being at 100% EV and certainly not in my lifetime will reach even 50%.”

The mention also came just after Ferrari announced more hybrids and an all-electric Ferrari by the year 2030. In spite of its resistance to EVs, the company is better off than other luxury sport car brands, some of which are scrambling to find any footing at all in the EV market. Ferrari is building a few hybrids, and an EV, at the very least.

With the recent Tesla Model S Plaid announcement (0-60 mph in under 2 seconds for only $139,990 USD!), it will be difficult for traditional supercar automakers to keep up with what Tesla has in store.

Whether these and other luxury brands will survive the next several decades and the transition to sustainable transportation is tough to say, but one thing is certain – old car brands are bound to stick to old ways, for better or for worse.