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Ferrari pumps the brakes on first EV supercar

Ferrari pumps the brakes on first EV supercar

by Drew Johnson

A Ferrari EV won't happen until at least 2022.

Ferrari has pushed plans to build an electric supercar beyond 2022, the company's chief executive officer has revealed.

Sergio Marchionne, CEO of the Italian automaker, hinted earlier this year that Ferrari could build an EV supercar during its 2018-2022 strategy plan, saying, "if there is an electric supercar to be built, then Ferrari will be the first.” However, Marchionne stated during Ferrari's annual meeting earlier this month, according to Automotive News, that an electrified supercar won't happen until the company's next business plan.

That decision could possibly leave Ferrari behind Tesla and Porsche. Tesla is planning to release its second-generation Roadster model sometime in 2020. The new Roadster will pack an impressive stat sheet, including a 650 mile range and the ability to go from 0-60 in 1.9 seconds. However, Tesla is not exactly known for hitting its production targets, so it's possible the electric automaker could postpone its EV supercar to well beyond 2020.

Porsche, meanwhile, is serious about launching a high-performance electric sedan next year. Known as the Mission E, the electric Porsche will be able to scoot from 0-60 in under 3.5 seconds and cover 330 miles per charge. Porsche is also rumored to be working on a dedicated supercar EV platform.

Although Ferrari won't be going fully electric for a while, the company is planning to go hybrid soon. Ferrari is expected to introduce its first "mainstream” hybrid mode at the 2019 Frankfurt Motor Show.