Ferrari delaying second EV due to 'zero' demand
While the first Ferrari EV is still on track to debut this year, the automaker's second all-electric model is being delayed to at least 2028.
Sources at Maranello have told Reuters this second EV was initially due to be unveiled at the end of 2026, but its launch has just been pushed back for a second time, with the car now not set to appear in public until 2028 at the earliest.
One of the newswire's informants said this was down to "zero" long-term, sustained demand for a high-performance Ferrari EV.
While Ferrari's first all-electric car – which will be unveiled later this year, and should start arriving in customers' garages from October 2026 – is a low-volume model, the second EV is planned to be a core model that will sell between 5000 and 6000 units during its five-year lifespan.
Ferrari's first EV (above and below) has reportedly been styled in conjunction with Jony Ive, Apple's former chief designer. It will be larger than other Ferrari models, and have a body that's not quite an SUV design-wise, but not quite a wagon either.
Last spied earlier this year, the prototype has a synthetic V8 soundtrack and will make its debut on October 9, 2025. Pricing will apparently start from US$500,000 ($A770,000), and Ferrari expects to sell roughly 700 to 800 per year.
Ferrari isn't the first the automaker to change its EV plans. While electric vehicle sales globally continue to grow, demand has been lower than expected. EV adoption has also varied wildly from market to market, with Europe and China embracing the technology, while the US has been slower on the uptake.
This has caused many brands to adjust their plans. Some, like Volvo, are abandoning previously stated goals of going all electric by the turn of the decade, while others are investing in hybrids and plug-in hybrids to help meet interim CO2 emission rules.
Lower than expected EV demand has also affected the supercar set, with Maserati axing the electric MC20 supercar before its launch, and Lamborghini delaying its first EV until 2029.
MORE: Everything Ferrari
Content originally sourced from: CarExpert.com.au
While the first Ferrari EV is still on track to debut this year, the automaker's second all-electric model is being delayed to at least 2028.
Sources at Maranello have told Reuters this second EV was initially due to be unveiled at the end of 2026, but its launch has just been pushed back for a second time, with the car now not set to appear in public until 2028 at the earliest.
One of the newswire's informants said this was down to "zero" long-term, sustained demand for a high-performance Ferrari EV.
While Ferrari's first all-electric car – which will be unveiled later this year, and should start arriving in customers' garages from October 2026 – is a low-volume model, the second EV is planned to be a core model that will sell between 5000 and 6000 units during its five-year lifespan.
Ferrari's first EV (above and below) has reportedly been styled in conjunction with Jony Ive, Apple's former chief designer. It will be larger than other Ferrari models, and have a body that's not quite an SUV design-wise, but not quite a wagon either.
Last spied earlier this year, the prototype has a synthetic V8 soundtrack and will make its debut on October 9, 2025. Pricing will apparently start from US$500,000 ($A770,000), and Ferrari expects to sell roughly 700 to 800 per year.
Ferrari isn't the first the automaker to change its EV plans. While electric vehicle sales globally continue to grow, demand has been lower than expected. EV adoption has also varied wildly from market to market, with Europe and China embracing the technology, while the US has been slower on the uptake.
This has caused many brands to adjust their plans. Some, like Volvo, are abandoning previously stated goals of going all electric by the turn of the decade, while others are investing in hybrids and plug-in hybrids to help meet interim CO2 emission rules.
Lower than expected EV demand has also affected the supercar set, with Maserati axing the electric MC20 supercar before its launch, and Lamborghini delaying its first EV until 2029.
MORE: Everything Ferrari
Content originally sourced from: CarExpert.com.au
While the first Ferrari EV is still on track to debut this year, the automaker's second all-electric model is being delayed to at least 2028.
Sources at Maranello have told Reuters this second EV was initially due to be unveiled at the end of 2026, but its launch has just been pushed back for a second time, with the car now not set to appear in public until 2028 at the earliest.
One of the newswire's informants said this was down to "zero" long-term, sustained demand for a high-performance Ferrari EV.
While Ferrari's first all-electric car – which will be unveiled later this year, and should start arriving in customers' garages from October 2026 – is a low-volume model, the second EV is planned to be a core model that will sell between 5000 and 6000 units during its five-year lifespan.
Ferrari's first EV (above and below) has reportedly been styled in conjunction with Jony Ive, Apple's former chief designer. It will be larger than other Ferrari models, and have a body that's not quite an SUV design-wise, but not quite a wagon either.
Last spied earlier this year, the prototype has a synthetic V8 soundtrack and will make its debut on October 9, 2025. Pricing will apparently start from US$500,000 ($A770,000), and Ferrari expects to sell roughly 700 to 800 per year.
Ferrari isn't the first the automaker to change its EV plans. While electric vehicle sales globally continue to grow, demand has been lower than expected. EV adoption has also varied wildly from market to market, with Europe and China embracing the technology, while the US has been slower on the uptake.
This has caused many brands to adjust their plans. Some, like Volvo, are abandoning previously stated goals of going all electric by the turn of the decade, while others are investing in hybrids and plug-in hybrids to help meet interim CO2 emission rules.
Lower than expected EV demand has also affected the supercar set, with Maserati axing the electric MC20 supercar before its launch, and Lamborghini delaying its first EV until 2029.
MORE: Everything Ferrari
Content originally sourced from: CarExpert.com.au
While the first Ferrari EV is still on track to debut this year, the automaker's second all-electric model is being delayed to at least 2028.
Sources at Maranello have told Reuters this second EV was initially due to be unveiled at the end of 2026, but its launch has just been pushed back for a second time, with the car now not set to appear in public until 2028 at the earliest.
One of the newswire's informants said this was down to "zero" long-term, sustained demand for a high-performance Ferrari EV.
While Ferrari's first all-electric car – which will be unveiled later this year, and should start arriving in customers' garages from October 2026 – is a low-volume model, the second EV is planned to be a core model that will sell between 5000 and 6000 units during its five-year lifespan.
Ferrari's first EV (above and below) has reportedly been styled in conjunction with Jony Ive, Apple's former chief designer. It will be larger than other Ferrari models, and have a body that's not quite an SUV design-wise, but not quite a wagon either.
Last spied earlier this year, the prototype has a synthetic V8 soundtrack and will make its debut on October 9, 2025. Pricing will apparently start from US$500,000 ($A770,000), and Ferrari expects to sell roughly 700 to 800 per year.
Ferrari isn't the first the automaker to change its EV plans. While electric vehicle sales globally continue to grow, demand has been lower than expected. EV adoption has also varied wildly from market to market, with Europe and China embracing the technology, while the US has been slower on the uptake.
This has caused many brands to adjust their plans. Some, like Volvo, are abandoning previously stated goals of going all electric by the turn of the decade, while others are investing in hybrids and plug-in hybrids to help meet interim CO2 emission rules.
Lower than expected EV demand has also affected the supercar set, with Maserati axing the electric MC20 supercar before its launch, and Lamborghini delaying its first EV until 2029.
MORE: Everything Ferrari
Content originally sourced from: CarExpert.com.au
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
West Australian
an hour ago
- West Australian
Singular seals US deal to roll out 3D medical imaging platform
Singular Health has added a feather to its cap by securing a US$1.3 million (A$2M) commercial deal with United States healthcare group Provider Network Solutions (PNS). The company has also raised $8 million to bankroll a national rollout of its AI-driven 3D medical imaging platform across the US. Singular says three major challenges continue to hobble the US healthcare system - redundant medical imaging, slow disease detection and fragmented access to patient data. The company's 3D medical imaging platform - dubbed 3DICOM MD - has been purpose-built to solve these issues by streamlining access to medical scans across multiple servers, thereby reducing duplication, saving time, cutting costs and improving outcomes. It has also already been cleared for diagnostic use in the US. The new contract follows a year-long collaboration with PNS that started with a memorandum of understanding in November last year. The project has now evolved into a full-blown rollout backed by both parties. The breakthrough deal will see Singular push out its US$800 (A$1230) platforms to 1000 doctors within the PNS network. PNS manages more than 3.7 million patients stretched across Florida, Texas and Puerto Rico. The deal also attracts an additional success fee of US$500,000 (A$768,000) when PNS signs off on the satisfactory integration of its AI model and centralised image repository. A successful implementation could potentially leverage PNS's partner network in 30 additional states and open the door to a much larger-scale nationwide rollout. Singular says the landmark deal is a massive shot in the arm, giving it a solid beachhead in the lucrative US healthcare market ahead of a much bigger national push. The company is eyeing a jaw-dropping US$19 billion (A$29.2B) annual market opportunity, with 1.3 million doctors typically linked to 19 separate managed service organisations. To support its growth strategy Singular has also locked in firm commitments for a heavily supported $8 million placement at 35 cents per share, which is a modest 4.6 per cent discount on its recent trading average. The company says the capital raising attracted strong interest from institutional investors and high-net-worth backers, with both PNS and existing investor Marin & Sons tinning up to support the placement. PNS chief executive officer and founder Dr Jose Pelayo praised the technology as a smarter, more efficient way to fix duplicate imaging. With a strong war chest, now sitting at nearly $13 million after the latest capital raising, powerful allies and a proven tech platform now gaining traction in the world's largest healthcare market, Singular Health may be about to rewrite the rules on medical imaging – in 3D. Is your ASX-listed company doing something interesting? Contact:
The Advertiser
3 hours ago
- The Advertiser
Banks bounce on rate cut hopes but investors still wary
Australian shares have continued to trade within a tight range as uncertainty hangs over the Israel-Iran conflict, but interest rate-sensitive stocks have improved on the back of a cooling labour market. The S&P/ASX200 edged down 0.1 point, or zero per cent, to 8,530.9, on Thursday as the broader All Ordinaries lost 9.8 points, or 0.11 per cent, to 8,748.1. Seven of 11 local sectors finished lower, but a surprise drop in employment in May left the door open to a Reserve Bank interest rate cut in July, helping rate-sensitive sectors such as financials, real estate and consumer facing-stocks push higher. The materials sector continued to weigh on the bourse, down 1.7 per cent as lumbering iron ore prices dragged on large cap miners and gold fell to a seven-day low. The Australian dollar is slightly lower against the greenback, buying 64.66 US cents, down from 65.07 US cents on Wednesday at 5pm. Australian shares have continued to trade within a tight range as uncertainty hangs over the Israel-Iran conflict, but interest rate-sensitive stocks have improved on the back of a cooling labour market. The S&P/ASX200 edged down 0.1 point, or zero per cent, to 8,530.9, on Thursday as the broader All Ordinaries lost 9.8 points, or 0.11 per cent, to 8,748.1. Seven of 11 local sectors finished lower, but a surprise drop in employment in May left the door open to a Reserve Bank interest rate cut in July, helping rate-sensitive sectors such as financials, real estate and consumer facing-stocks push higher. The materials sector continued to weigh on the bourse, down 1.7 per cent as lumbering iron ore prices dragged on large cap miners and gold fell to a seven-day low. The Australian dollar is slightly lower against the greenback, buying 64.66 US cents, down from 65.07 US cents on Wednesday at 5pm. Australian shares have continued to trade within a tight range as uncertainty hangs over the Israel-Iran conflict, but interest rate-sensitive stocks have improved on the back of a cooling labour market. The S&P/ASX200 edged down 0.1 point, or zero per cent, to 8,530.9, on Thursday as the broader All Ordinaries lost 9.8 points, or 0.11 per cent, to 8,748.1. Seven of 11 local sectors finished lower, but a surprise drop in employment in May left the door open to a Reserve Bank interest rate cut in July, helping rate-sensitive sectors such as financials, real estate and consumer facing-stocks push higher. The materials sector continued to weigh on the bourse, down 1.7 per cent as lumbering iron ore prices dragged on large cap miners and gold fell to a seven-day low. The Australian dollar is slightly lower against the greenback, buying 64.66 US cents, down from 65.07 US cents on Wednesday at 5pm. Australian shares have continued to trade within a tight range as uncertainty hangs over the Israel-Iran conflict, but interest rate-sensitive stocks have improved on the back of a cooling labour market. The S&P/ASX200 edged down 0.1 point, or zero per cent, to 8,530.9, on Thursday as the broader All Ordinaries lost 9.8 points, or 0.11 per cent, to 8,748.1. Seven of 11 local sectors finished lower, but a surprise drop in employment in May left the door open to a Reserve Bank interest rate cut in July, helping rate-sensitive sectors such as financials, real estate and consumer facing-stocks push higher. The materials sector continued to weigh on the bourse, down 1.7 per cent as lumbering iron ore prices dragged on large cap miners and gold fell to a seven-day low. The Australian dollar is slightly lower against the greenback, buying 64.66 US cents, down from 65.07 US cents on Wednesday at 5pm.
Sky News AU
8 hours ago
- Sky News AU
Former prime minister Paul Keating slams Defence Minister Richard Marles for ‘careless betrayal' over US-China war comments
Former prime minister Paul Keating has launched a scathing attack on Defence Minister Richard Marles, accusing him of surrendering Australia's foreign policy independence. Mr Marles declared at a summit on Monday that Australia could play a role in any future war between the United States and China. In a blistering critique published in The Australian, Mr Keating described Mr Marles' comments as a 'careless betrayal of the country's policy agency'. He also said Mr Marles' stance on Australian involvement in a US-China conflict would 'go down as a dark moment in Australia's history'. 'China's singular crime is to have built an economy larger than the United States,' Mr Keating said. 'This is the affront which the United States cannot bear… Now, the US is running about trying to sweep gullible allies into its declining and failing pitch. 'Yet, it believes there is always a mug who will buy its venal view of affairs. And in Australia, the United States is not disappointed.' During The Australian's Defending Australia summit on Monday, the Defence Minister said Australia would play a key role in a war between China and the US. He also expressed a belief that Australia would not be under threat of invasion, but that 'sea lines of communication' may be compromised in any conflict. 'Australia's geography today is more relevant to great power contest than it has been at any point since the end of the Second World War,' he said. Asked about Australia's potential to play a role in a potential war on Thursday, Foreign Minister Penny Wong did not rule it out. 'The focus of everything we do is to prevent conflict,' she told reporters at a press conference at Parliament House. 'The focus of everything that we do, both in hard deterrence, also in reassurance, and the work we do, and I lead in the region, is to prevent conflict and to preserve peace.' Ms Wong also did not rule out the possibility of Australian involvement in the Middle East conflict. 'We're not a central player in the Middle East,' she said in response to questions about moving defence assets to the Middle East.
