Ferrari’s First Electric Vehicle Set to Hit the Streets in October 2026

Ferrari is gearing up to launch its first-ever fully electric vehicle (EV) in October 2026, marking a historic shift for the luxury sports car maker known for its roaring petrol engines. CEO Benedetto Vigna confirmed the timeline during a post-earnings call, as reported by Reuters, offering a glimpse into Ferrari’s electrified future while maintaining its legacy of performance and exclusivity.

A New Era for Ferrari’s Lineup

Ferrari’s transition to electric power comes as the company balances innovation with its storied heritage. The EV, which Vigna described as the “technological heart” of Ferrari’s electric ambitions, will debut its core systems this October, with a full unveiling planned for spring 2027. Deliveries will follow later that year, aligning with Ferrari’s typical three-quarter timeline from unveil to delivery. The company also reported strong financials, with first-quarter core earnings rising 15% to 693 million euros ($781 million, based on the exchange rate of $1 = 0.8835 euros), signaling confidence in its electrification strategy.

Ferrari isn’t abandoning its roots, though. Hybrid models, which began in 2019, now account for 50% of sales, and the company plans to continue offering petrol and hybrid cars alongside EVs. Last week, Ferrari unveiled the 296 Speciale plug-in hybrid and its convertible version, part of a promise to introduce six new models this year, including the EV.

Financial and Regulatory Challenges Ahead

Ferrari’s EV launch comes with economic and regulatory hurdles. The company warned that tariffs proposed by U.S. President Donald Trump could slash its 2025 profit margins by 50 basis points. Despite this, Ferrari held firm on its full-year forecasts, projecting earnings before interest, taxes, depreciation, and amortization (EBITDA) of at least 2.68 billion euros ($3.04 billion) and an EBITDA margin of at least 38.3%. Bernstein analysts noted Ferrari’s resilience, stating, “Ferrari stands out,” amid a competitive luxury EV market where rivals like Mercedes, Fordet Stellantis have scaled back guidance.

What This Means for EV Enthusiasts

For EV owners and enthusiasts, Ferrari’s entry into the electric space is a game-changer. The brand’s focus on performance means this EV will likely push boundaries in speed, handling, and design, setting a new benchmark for luxury electric sports cars. While Ferrari hasn’t revealed specs, expect cutting-edge technologie des batteries and possibly a range exceeding 300 miles, given industry trends and Ferrari’s commitment to excellence. The EV’s unveiling will also showcase advanced aerodynamics and lightweight materials, hallmarks of Ferrari’s engineering.

However, the price tag will reflect Ferrari’s exclusivity—likely starting well above $500,000, based on the brand’s current lineup. This positions the EV as a dream car for most, but its tech could influence more accessible electric sports cars down the road.

EVXL’s Take

Ferrari going electric is like seeing a rockstar trade their electric guitar for a synthesizer—it’s a bold move, but we’re here for it. The October 2026 delivery timeline gives enthusiasts something to rev up about, even if the price might faire your wallet weep. Vigna’s promise to show the “technological heart” this October has us curious—will Ferrari channel its Formula 1 tech into this EV? We’re betting it’ll be a sleek, red rocket that’ll make Tesla Roadster fans do a double take. For now, we’ll keep dreaming of cruising down the Pacific Coast Highway in one, windows down, electric hum and all. What do you think—will Ferrari’s EV live up to the hype? Let us know in the comments!