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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.

KEY FACTS

  • 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.

IMPORTANT QUOTE

“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.

WHAT TO WATCH FOR

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.

SURPRISING FACT

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.

EU Moderates Emissions While Sustaining Economic Momentum

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.

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