Maserati Cancels MC20 Folgore Electric Supercar Due to Lack of Demand
Last week, Autocar reported that Maserati has officially cancelled the highly anticipated MC20 Folgore electric supercar.
A company spokesperson confirmed the news, stating that the decision to cancel the MC20 Folgore was made due to insufficient demand for an electric supercar.
The MC20 Folgore was originally part of Maserati’s plan to release six electric vehicles by next year, with a promise of a high power output and a similar character to the existing V6-engined MC20.
This decision comes after Maserati owner Stellantis wrote off an investment of €1.5 billion in the Italian brand, citing a slump in sales in China as a significant factor. Stellantis CFO Doug Ostermann acknowledged the challenges in the luxury market’s transition to electrification, particularly in China, which is Maserati’s second largest market.
In 2023, Maserati’s sales dropped by more than half to 11,300 units, resulting in a loss of €260 million. This was a stark contrast to the profit of €141 million recorded in the previous year.
Instead of the MC20 Folgore, Maserati plans to update the existing MC20 model. The updates are expected to draw from the advancements made in the new MC20 GT2 Stradale, which includes a power boost to 631bhp, a weight reduction of 60kg, and a track-focused chassis set-up.
This shift in strategy indicates that Maserati is reconsidering its plans for transitioning to electric vehicles by 2030, as outlined when it became part of the Stellantis group four years ago.
Furthermore, the cancellation of the MC20 Folgore raises questions about the future of the next-generation Levante SUV, scheduled for 2027, and the delayed Quattroporte saloon, which was pushed back to 2028.
