Ferrari CEO Benedetto Vigna announced to CNBC on Monday that the luxury carmaker's first electric model is set to launch in Q4 2025, with a price tag of at least $535,000. The electric vehicle aims to maintain the 'emotion' and 'feeling' of Ferrari's classic cars. Additionally, Ferrari is planning to offer a $7,500 extended warranty service for its next generation of hybrid and electric supercars to address customer concerns over aging battery packs. Furthermore, the company will charge customers a €7,000 (£5,900) annual subscription fee for free battery replacements to mitigate fears of battery burnout. The new electric model and related services are expected to boost group production by up to a third.
📰 New: Ferrari is planning to make an electric vehicle that will cost more than $500,000. Would you drive this car? https://t.co/brUSsQc8fO
🚗 Ferrari is to charge customers a €7,000 (£5,900) annual subscription fee in exchange for free battery replacements amid fears of burnout in its supercars Read the latest update from our markets blog at the link below ⬇️ https://t.co/TxVzav5AHv
Ferrari plans to offer a $7,500 extended warranty service for its next generation of hybrid and electric supercars to soothe customer concerns over aging battery packs https://t.co/79mj26iFl7
Ferrari races into new territory with line of $500,000 electric cars https://t.co/Dp8OpF3BFQ
#Ferrari's first electric #car will cost at least 500,000 euros ($535,000), a source familiar with the matter said, as the luxury automaker prepares to open a plant that will make the model — and could boost group production by up to a third. https://t.co/u0ZWPiPMt0
Ferrari CEO Benedetto Vigna told CNBC Monday that the luxury carmaker's first electric model, scheduled to launch in Q4 2025, will maintain the "emotion" and "feeling" of its classic cars. With a reported price tag of at least $535,000, customers certainly will feel some kind…