Ferrari will unveil an electrical automobile in 2025, Chairman John Elkann mentioned on Thursday throughout the firm’s annual basic assembly.

The information of an electrical Ferrari would not come as an enormous shock as patent drawings filed by Ferrari for a modular electric drive system had been found final 12 months.

Elkann did not present any particulars on the automobile however former CEO Louis Camilleri in 2019 mentioned the corporate was finding out the potential for a grand tourer-style automobile, suggesting it will not be a supercar just like the upcoming Lotus Evija or Rimac C_Two.

Camilleri, who stepped down from Ferrari final 12 months due to personal reasons, additionally mentioned in 2019 that an electrical Ferrari would ultimately come, although solely after 2025.

Throughout Ferrari’s annual basic assembly, Elkann additionally mentioned that the seek for Camilleri’s substitute was ongoing, and that the fortunate man or girl will give an replace on Ferrari’s future plans throughout a capital markets day presentation to be held in 2022.

Current rumors have pointed to Ferrari’s first EV being a crossover, which does make some sense as a heavy battery could be much less prone to negatively have an effect on the efficiency of a crossover in comparison with a supercar. Ferrari subsequent 12 months will launch its first crossover, the Purosangue, and in response to the rumors the platform of the high-riding Prancing Horse has been designed to help electrical powertrains.

Ferrari up to now has flip-flopped on the thought of launching an electrical automobile however stricter emission guidelines and altering market tendencies has possible satisfied the automaker of the necessity for having one. The corporate has beforehand cited an absence of appropriate battery know-how as the primary hurdle.

Whereas an electrical Ferrari continues to be just a few years off, the corporate will concentrate on plug-in hybrid know-how within the interim. The corporate has simply launched the plug-in hybrid SF90 Stradale and targets a 60-percent electrified lineup by 2022. The corporate can be wanting into extra options, resembling utilizing hydrogen or biofuels.