Ferrari, renowned worldwide for crafting luxury cars, is now gearing up to step into the electric car segment. The company is planning to manufacture its first-ever electric car amidst a rising global demand for electric vehicles. Luxury car brands are also introducing new models in this segment.

Car Price Set to Stun

When Ferrari's name is mentioned, people first want to know about the price of its cars. Similarly, the price of the company's electric car is expected to be staggering. According to Reuters, the price of this luxury electric car could be €500,000 or $535,000. In Indian currency, this amounts to approximately ₹4.17 crore. Reportedly, luxury automakers are preparing to set up plants for this car model.

When Will Ferrari's Electric Car Arrive?

Italian brand's petrol engine cars are currently making waves in the market. Now, Ferrari is preparing to launch its electric car. Ferrari's electric car could debut in the global market by the end of 2025. The anticipated price of the car suggests that buyers will have to arrange a hefty sum.

Ferrari has not yet announced the prices of its first electric car. Luxury car brands have also not disclosed anything about their new plant, which could be located in Maranello, Northern Italy. Ferrari's new plant in Maranello may also produce its petrol and hybrid cars alongside upcoming electric vehicles.

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