06:34 AM EDT, 10/09/2025 (MT Newswires) -- (Updates with the stock price movement in the last paragraph.)

Ferrari (RACE) said Thursday that its 2030 product line-up will comprise 40% internal combustion engines, 40% hybrid and 20% electric vehicles.

In 2022, the company had targeted 40% EVs, 40% hybrids and 20% ICE models by 2030.

Ferrari also said Thursday its first fully electric model, Elettrica, will begin deliveries in late 2026.

The company plans an average of four new annual car launches between 2026 and 2030. It plans to continue offering V6, V8, and V12 combustion engines.

The company confirmed its plan to reduce Scope 1 and 2 greenhouse gas emissions by at least 90% in absolute terms by 2030 and to continue to be carbon neutral.

Ferrari said it expects to cut, in absolute terms, Scope 3 emissions by at least 25% by 2030, compared with last year.

The company's shares were down 12% in recent premarket activity.