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Investing.com -- Ferrari (BIT:RACE) has pushed back the launch of its second fully-electric model from 2026 to at least 2028 due to weak demand for high-performance luxury electric vehicles, according to a Reuters report on Tuesday.
The Italian luxury carmaker, famous for its powerful petrol engines, has been selling hybrid models since 2019 and is preparing to unveil its first electric vehicle in a three-stage process beginning in October this year. The world premiere of this first EV is scheduled for spring 2025, with initial customer deliveries expected in October 2026.
Ferrari’s internal plans had originally included a second EV model for around the end of 2026, but this timeline has now been extended by approximately two years, the report disclosed. It added that "real, sustainable demand is non-existent for an electric sports car."
The delay will also provide Ferrari additional time to further develop in-house technology for its second electric vehicle, though lack of market interest remains the primary reason for postponing the launch.