According to a report by Reuters, Ferrari has delayed plans for its second electric vehicle (EV) due to a lack of demand for high-performance luxury EVs. Sources close to the matter told the news outlet that the brand’s second EV was initially due to debut in 2026 but this has since been pushed back to at least 2028.
A second EV wasn’t publicly announced by Ferrari, and the Italian carmaker declined to comment on the claimed delay. “As part of Ferrari’s undisclosed internal plans, a second EV model was planned for around the end of 2026. But now it is not expected before 2028, one of the sources said, who added that real, sustainable demand is non-existent for an electric sports car,” Reuters reported.
Delaying its second EV would give Ferrari more time to further develop in-house technology that could potentially attract buyers, which currently have little to “zero” interest. The report says the plan for a second EV has been delayed twice, initially with a one-year postpontment, and now, to 2028 at the earliest.
Ferrari had previously said it will unveil its first EV in October this year in a three-stage process that eventually ends with a world premiere slated to take place in the spring (around March to May) of next year, with first deliveries expected to commence in October 2026. Rumoured to cost at least 500,000 euros (about RM2.4 million), it will be a low-volume, symbolic milestone model.
Other carmakers have also rethought their EV plans, including Maserati that cancelled its electric MC20 Folgore. Meanwhile, Porsche has yet to reveal when the EV replacements for the 718 Cayman and Boxster are due, and Lamborghini has delayed its first EV launch to 2029 from 2028.
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