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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

Ferrari shares fall after launch of first EV as Jony Ive design proves divisive

Ferrari Luce EV car
Ferrari said the design of the Luce EV was ‘simplified and rationalised’. Photograph: Ferrari/Reuters

Ferrari’s share price has dropped after it revealed a long-awaited first electric vehicle, with a minimalist look created by the former Apple design chief Jony Ive that departs from the Italian manufacturer’s petrol sportscars.

The Luce, starting at $640,000 (£477,000), has a range of 329 miles (530km) thanks to its battery capacity of 122 kilowatt hours, the company said, with four motors that can accelerate from 0 to 100km/h in 2.5 seconds, with a top speed of more than 310km/h (193mph).

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