Ferrari’s first electric car to cost over $500,000

Ferrari’s first electric car to cost over $500,000

Ferrari's first electric car is set to launch next year
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Ferrari's first electric car, priced at a minimum of 500,000 euros ($535,000), is set to launch next year, signalling confidence in demand from ultra-wealthy buyers. The new model will be produced at Ferrari's state-of-the-art plant in Maranello, potentially boosting the automaker's output by up to a third. Despite risks to exclusivity, Ferrari's successful expansion into SUVs suggests a promising future for their electric ventures.

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By Giulio Piovaccari

Ferrari's first electric car will cost at least 500,000 euros ($535,000), a source familiar with the matter told Reuters, as the luxury automaker prepares to open a plant that will make the model – and could boost group production by up to a third.

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