Ferrari quietly revs up for mostly hybrid cars by 2022

Most of the cars made by Ferrari will be hybrid petrol-electric by 2022, the Italian sports car manufacturer said on Tuesday, including its first SUV, reports AFP from Maranello.

“By 2022, nearly 60 percent of the models we produce will be built around hybrid powertrains,” new CEO Louis Camilleri said at the company’s Maranello headquarters.

The company known for its low-slung aerodynamic sports cars will also launch its first SUV—Purosangue—after the end of the current business plan in 2022.

Gas-guzzling Ferraris are faced with more and more anti-emission regulations around the world, as well as increasingly environmentally-aware would-be owners.

The company will increasingly make hybrid cars “as the years unfold to meet specific regulatory requirements but also to satisfy customer desires for significantly improved emissions while retaining the driving emotions that render Ferraris simply unique,” he said.

Ferrari has been making the limited-edition hybrid LaFerrari for several years, which it has described as offering the most extreme performance ever achieved by one of its production cars.

Ferrari stock tumbled 8 percent in August as investors wondered if the company could stay on track for its profit targets after the death of historic boss Sergio Marchionne.

 

Ferrari quietly revs up for mostly hybrid cars by 2022

Most of the cars made by Ferrari will be hybrid petrol-electric by 2022, the Italian sports car manufacturer said on Tuesday, including its first SUV, reports AFP from Maranello. By 2022, nearly 60 percent of the models we produce will be built around hybrid powertrains, new CEO Louis Camilleri said at the companys Maranello headquarters. The company known for its low-slung aerodynamic sports cars will also launch its first SUVPurosangueafter the end of the current business plan in 2022. Gas-guzzling Ferraris are faced with more and more anti-emission regulations around the world, as well as increasingly environmentally-aware would-be owners. The company will increasingly make hybrid cars as the years unfold to meet specific regulatory requirements but also to satisfy customer desires for significantly improved emissions while retaining the driving emotions that render Ferraris simply unique, he said. Ferrari has been making the limited-edition hybrid LaFerrari for several years, which it has described as offering the most extreme performance ever achieved by one of its production cars. Ferrari stock tumbled 8 percent in August as investors wondered if the company could stay on track for its profit targets after the death of historic boss Sergio Marchionne.