Ferrari is set to release its first fully electric car next year, with a price tag exceeding 500,000 euros ($565,000), excluding optional features and personalized customizations. Ferrari CEO Benedetto Vigna stated that the first electric vehicle is unique and will be as popular as the marque’s other fuel-powered models. However, Ferrari will not transition to full electrification quickly and will not abandon internal combustion engines in the coming years, remaining committed to offering buyers a complete range of powertrain options.