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Ferrari will invest USD 4.6 billion to develop EVs and hybrids but says no to autonomous driving – Times of India

While the world anxiously awaits Ferrari’s first-ever SUV, Purosangue’s launch later in 2022, the Italian sports activities automotive maker has additionally introduced its lengthy-awaited electrification technique in a bid to drive down investor concern. Amongst immediately’s Teslas and electrical Porsches, Ferrari appears to have arrived late to the electrical bandwagon. However, CEO Benedetto Vigna not too long ago introduced that Ferrari will invest USD 4.6 billion into creating totally-electrical and plug-in hybrid fashions, which can be anticipated to make up 60 per cent of its portfolio by 2026.

Ferrari CEO Benedetto Vigna

Vigna additionally introduced that Ferrari will retool its Maranello manufacturing facility to produce electrical autos and assemble battery modules. The first totally electrical Ferrari is anticipated to go on sale by 2025. However, latest stories have instructed that whereas the corporate is on its method to electrification, autonomous driving is one thing that we’re unlikely to see in any Ferrari ever. While sure driver help programs will proceed to function of their automobiles, Level-5 autonomous options are an enormous no-no for Ferrari.

Enzo Ferrari Boulevard, Modena, Italy

Enzo Ferrari Boulevard, Modena, Italy

This will be attributed to Vigna’s latest announcement in Maranello, the place he stated that the important thing for Ferrari will be that its electrical automobiles evoke the identical type of ardour, as its roaring combustion engine fashions have carried out in previous many years. Ferrari EVs will leverage the corporate’s know-how to guarantee they stand out when it comes to ‘engine power density, weight, sound and driving emotions.’
However, an electrical automobile’s traits are such that even a Tesla Model S gives race-automotive-like acceleration. So the efficiency edge that Ferrari is thought for within the ICE area. Until a Ferrari EV breaks cowl, the Italian carmaker’s efficiency towards the electrical Porsche’s and new gamers comparable to Rimac Automobile is left open for hypothesis.

Ferrari Daytona SP3

Ferrari Daytona SP3

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