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Fortune
Fortune
Technology
Phil Wahba

Ferrari is building the sleekest electric vehicle on Earth—but among those who can afford it, very few will have the opportunity to buy it

(Credit: Courtesy of Ferrari)

When the Italian luxury carmaker Ferrari announced in early October its first ever fully-electric vehicle, it begged the question “What will a company known for prioritizing speed and sleek design over fuel efficiency bring to this competitive corner of the car market?”

While most details about Ferrari’s Elettrica EV, including its appearance and price, remain a mystery ahead of a planned launch in the spring of 2026, the company said it will go from 0 to 62 miles per hour in 2.5 seconds; have a battery with a capacity of 122 kWh to ensure recharging in as little as eight minutes; and boast a range of 323 miles on one charge. In other words, the company is promising the kind of excellence aficionados expect from Ferrari, beloved since 1947 when it started making cars renowned for their beauty, slick engineering and mind-boggling speed, both on streets and racetracks.

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