Ferrari is gearing up to deliver its first fully electric vehicle (EV) in October 2026, as confirmed by CEO Benedetto Vigna. The Italian luxury automaker recently reported a 15% increase in core earnings for the first quarter and maintained its full-year financial guidance, according to Reuters.
During the upcoming capital markets day on 9th October 2025, Ferrari will unveil the “technological heart” of the EV in stages, with deliveries set to commence just months after the event. This timeline announcement marks a significant step for Ferrari, as it sets a clear expectation for customers eagerly awaiting the new model.
Analysts have noted that the delayed full unveiling may signal a shift in the company’s initial launch schedule. However, Ferrari’s tradition of starting deliveries approximately three quarters after a model’s premiere aligns with the projected October 2026 delivery date for the EV.
Despite the introduction of the EV, Ferrari will continue to produce and sell internal combustion and hybrid models. Hybrid vehicles, which Ferrari introduced in 2019, accounted for 51% of total sales in 2024.
The company also highlighted potential risks, including tariffs that could impact its 2025 profit margins by about 50 basis points. Nonetheless, Ferrari reaffirmed its 2025 financial forecasts, including a target of at least €2.68bn ($3.04bn) in full-year EBITDA and an EBITDA margin of at least 38.3%.
In the first quarter of 2025, Ferrari reported core earnings of €693m, largely meeting analysts’ expectations. The strong performance was driven by high-end models such as the SF90XX series, the 12Cilindri, and the 499P Modificata, as well as robust demand for customizations and higher-margin markets, particularly in the Americas.
Following the earnings announcement, shares in Ferrari rose 1.6% on the Milan Stock Exchange. The automaker recently unveiled the 296 Speciale plug-in hybrid and its convertible version, with plans to launch a total of six new models in 2025, including the highly anticipated first EV.
As Ferrari continues to innovate and expand its product lineup, the delivery of its first fully electric vehicle in 2026 marks a significant milestone in the company’s journey towards a more sustainable future.
