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Sets 2030 EV share target to 20% of range

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Previous target for EV share was 40%

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Ferrari to roll out 4 new models per year in 2026-2030

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Deliveries of first EV to start in 2026

MARANELLO, Italy, Oct 9 (Reuters) - Ferrari

will keep petrol and hybrid models at the heart of its lineup in

coming years, with fully electric vehicles (EVs) making up just

20% of its range by 2030, the luxury sportscar maker said on

Thursday.

The company presented the technological blueprint for its

first EV, the Ferrari Elettrica - a milestone in its history -

but also shifted to a more cautious approach to electrification,

"based on our client centricity approach, the current

environment and its expected evolution".

Ferrari now aims for a 2030 lineup made up of 40% internal

combustion engine (ICE) models and 40% hybrids. This marks a

shift from its 2022 plan, which had targeted 40% EVs, 40%

hybrids and 20% ICE models in 2030.

Unveiling its new long-term business plan at its Maranello

headquarters in northern Italy, Ferrari said it would launch an

average of four new models per year between 2026 and 2030,

maintaining the steady rhythm that has helped it stimulate the

interest of its wealthy clients and grow its customer base.

"Each model will be designed with a distinct positioning,

tailored to different client profiles," the company said.

The Elettrica, which complements Ferrari's traditional

petrol and newer hybrid offerings, will enter the market next

year. All strategic EV components - including high-voltage

battery packs, e-axles and inverters - are developed and

produced in-house at Ferrari's new 'e-building' facility in

Maranello, the company said.

Sources told Reuters earlier this year that Ferrari does not

plan to launch a second EV before 2028, citing weak demand for

high-performance electric luxury cars.

Ferrari's active client base has grown by around 20% since

2022, reaching 90,000. To deepen engagement, it plans to open

new 'Tailor Made' centres in Tokyo and Los Angeles in 2027 to

help customers to add personal touches to their vehicles.

Ferrari on Thursday reaffirmed its commitment to technology

neutrality - supporting all propulsion technologies on the path

to net zero - and said it would continue investing in ICE,

hybrid and electric powertrains.

"We will continue to offer and innovate our V6, V8 and V12

combustion engines, in line with new global regulations,

focusing on increasing specific power output and ensuring

compatibility with alternative fuels," it said.

The company also announced ambitious decarbonisation goals,

aiming to cut Scope 1 and 2 greenhouse gas emissions by at least

90% by 2030 compared to 2021, and Scope 3 emissions by 25%

compared to 2024. It will rely on recycled aluminium, renewable

energy and supplier collaboration to meet these targets.

It reaffirmed its lifestyle strategy expansion, with

flagship stores planned in London and New York in 2026, and a

broader offering of luxury goods and experiences for both owners

and fans of the brand.

The company will release multi-year financial targets later

on Thursday.