Breaking news

Ferrari Is Preparing Its First Electric Car – Its Price Is Expected To Be Staggering 

At least 500 thousand euros. That’s how much Ferrari’s first electric car will cost. The luxury brand is preparing to open a new factory that will increase production significantly.


  • Sources of the “Reuters” agency indicate that the price of the electric car of the premium class is not yet known. It does not include features and personal items, which usually add 15-20%.
  • However, the price is certainly much higher than the average selling price of a Ferrari in the first quarter of this year, which is around 350,000 euros. 
  • The electric car will certainly be significantly more expensive than those of the competitors in the premium sector. By comparison, the price of Porsche’s less exclusive Taycan electric car starts at around 100,000 euros.
  • The sources claim that Ferrari is also planning to open a factory in the luxury brand’s hometown of Maranello, northern Italy, where the model will be produced. It is estimated that this could increase the group’s production by up to a third.
  • Although electric cars are generally silent, Ferrari engineers are developing “sound signatures” that will mimic those produced by the famous internal combustion engines.


“When we talk about luxury cars like ours, we’re talking about the emotion we’re able to deliver to our customer, so we’re not talking about functional cars like the other electric cars you see on the road,” Ferrari CEO Benedetto Viña told CNBC.


The sources indicate that a second electric car model under the Ferrari brand is also under development. The company predicts that by 2026, approximately 60% of the cars it offers will be electric or hybrid.


The luxury brand relies on its exclusivity and often the list of those who want to own a Ferrari is so long that the wait takes more than two years. Last year, Ferrari produced 13,221 cars, which is 18.5% more than in 2021. Demand still greatly exceeds supply.

Digital Transactions: A Green Approach To Finance In Cyprus

As Cyprus increasingly embraces digital transactions, the environmental benefits of this shift are becoming evident. A recent report highlights that digital payments significantly reduce the carbon footprint associated with traditional banking operations. By decreasing the reliance on physical branches, paper-based processes, and the transportation of cash, digital transactions are contributing to a more sustainable financial ecosystem. This transition is in line with global initiatives to combat climate change and underscores Cyprus’ commitment to promoting a cleaner, more efficient financial landscape.

Digital transactions are not only more convenient and efficient but also significantly less resource-intensive. Traditional banking often involves extensive paperwork, the use of physical infrastructure, and the transportation of money, all of which contribute to higher carbon emissions. In contrast, digital transactions streamline these processes, resulting in lower energy consumption and reduced waste.

The environmental advantages of digital transactions are complemented by their economic benefits. By lowering operational costs and enhancing transaction speed and security, digital payments provide a compelling case for broader adoption. This shift supports sustainable development goals and aligns with the global push towards greener, more resilient economies.

Furthermore, the widespread adoption of digital transactions in Cyprus is expected to drive innovation within the financial sector. With the integration of advanced technologies such as blockchain and artificial intelligence, the digital financial landscape is set to become even more efficient and secure. These innovations not only enhance user experience but also contribute to environmental sustainability by further reducing the need for physical resources.

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter