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CEO Says Ferrari Is Pretty Good At Making Cars, Will Build Exciting EVs

Recently appointed Ferrari CEO Benedetto Vigna thinks that the automaker has a “deep understanding” of vehicle dynamics and that it will be able to make an exciting EV despite the extra weight of batteries.

“In terms of drive, in terms of… vehicle dynamics, we can manage this additional weight,” Vigna told CNBC in an interview. “It’s true, we have a few hundred kilos more than a regular ICE car for the same kind of horsepower, but what really… reassures me is the fact that we have [a] deep understanding of the vehicle dynamics.”

Vigna joined Ferrari after leaving a European tech company and has been tasked with shepherding the automaker into a new electric age. The CEO drew on that experience, explaining that the Italian supercar manufacturer already makes exciting vehicles despite the limitations of current manufacturing.

“Consider today, a lot of cars have, more or less, access to the same electronic chips,” Vigna said. “But we in Ferrari… the engineers in Ferrari, are able to provide something that is unique, that is distinctive.”

Read Also: Ferrari Is Taking Very Careful Steps Towards An Electrified Future

Despite his optimism, Vigna was still clear-eyed about the future, admitting that the transition to electric power will be “a challenge.” He argued, though, that it will also be an opportunity to make something new and exciting and distinctly Ferrari despite not featuring a V12.

The automaker already produces two plug-in hybrid vehicles, including the 296 GTB and the SF90 Stradale, and plans to unveil its first fully electric vehicle in 2025. By 2026, it wants 55 percent of its lineup to be hybrid, five percent to be fully electric, and just 40 percent to be internal combustion.

Its electrification will only pick up pace from there. The automaker expects internal combustion vehicles to make up just 20 percent of its lineup by 2030. Fully electric and plug-in hybrid vehicles, meanwhile, will each make up 40 percent by that same point.

In order to ensure that those EVs are good enough to bear the Ferrari badge, and that their driving dynamics are as excellent as possible, the company will make their batteries in Maranello, Italy.

“The handcrafted battery modules will be integrated into the chassis of cars in a process focused on reducing the weight of the vehicle,” said Ferrari previously.

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