At an investor presentation, Ferrari said that it will be 60 percent electrified by 2026, including the EV it promised last year.

At that point, combustion automobiles will account for 40% of sales, while hybrid and all-electric vehicles would account for 60%. Its ultimate goal is to be carbon-neutral by 2030, but it will continue to produce internal combustion engine (ICE) vehicles until then.

Ferrari plans to provide 'three powertrains with diverse driving emotions' by 2026, according to the company.

It will use hybrid powertrain technology from its F1 and other racing experience, while its electric engines will be 'conceived, handcrafted, and constructed in Maranello to ensure a unique driving experience also drawn from racing solutions,' according to the company.

The SF90 Stradale, Ferrari's first production plug-in hybrid, was introduced in 2019. With the Stradale and 296 GTB plug-in V6 hybrids, as well as the pure ICE 812 Superfast V12 and Roma V8 models, it now has four distinct model ranges.

As Autocar points out, half of its lineup is already electrified. However, that combination will soon shift. The luxury automaker also stated that the highly awaited Purosangue SUV will make its debut in September as a pure ICE vehicle.

Ferrari plans to have 'strong commonality' with its current combustion engines when the EV arrives in 2025.

'The first electric Ferrari will be founded in our racing legacy and will draw from a bigger technical reservoir while keeping all of its authenticity and consistency,' CEO Benedetto Vigna stated, adding that it will be 'very unique from many different perspectives.'

Ferrari will also assemble the batteries in a specialised e-building facility in Maranello, 'where electric engines, inverters, and batteries will be conceived, manufactured, and assembled,' according to the business.

It also stated that self-driving autonomy would be limited to 'Level 2/2+' and that 'connectivity is given first and foremost to enhance the ownership experience and the client connection.'