Four out of five new Ferraris to be electric or hybrid by 2030, carmaker says

The La Ferrari model was the company’s first hybrid model (AP Photo/Laurent Cipriani, File)

Italian luxury carmaker Ferrari on Thursday outlined an electrification strategy that calls for 40% full-electric vehicles and 40% hybrid models by 2030.

CEO Benedetto Vigna confirmed that the first electric car will be presented in 2025, with the first deliveries the following year.