Ferrari plans electric supercar

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But despite the undoubted advantage the Ferrari name will have over most serious rivals in the electric auto market, the evocative Italian manufacturer faces the same challenges as every other company when it comes to range. "I'm not trying to minimize what Elon did but I think it's doable by all of us". This vehicle will be ready for large-scale manufacturing by 2020, while Ferrari claims to do this job before Tesla. The Ferrari exec also made an interesting prediction. Somehow, it feels unlikely that Musk himself is going to want one of these any time soon, but once his own midnight cherry Tesla roadster is launched into orbit around Mars, he is going to need something to drive around in.

Marchionne also said that the future of cars will be electric.

Of course, it's hard not to notice that Marchionne's words here sound vague as possible.

Interestingly enough Marchionne's statement seems to represent a change of heart of the company, where Ferrari's previous president had about 7 years ago vow that they would never build an electric vehicle. "Ferrari's cars gravitate around their iconic and symphonic engines, and the brand was built around this mechanical soul. We need a lot more work to be done before we can make that a legitimate answer, motorized sports cars".

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Ferrari is aiming at selling more than 10,000 cars per year, which means it needs to meet more stringent fuel standards.

Now he announces that Ferrari is working an electric supercar.

That said, the writing is on the wall for traditional gasoline-powered automobiles. However else the company might distinguish its EV from the competition is anyone's guess, but even the fanciest cars are joining the electric revolution.