Ferrari unveils its first fully electric vehicle – and slashes its 2030 EV sales target

A worker on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024.Luxury carmaker Ferrari on Thursday scaled back its electrification ambitions, while offering a first glimpse of the technology that will power "elettrica," its first fully electric vehicle.The Maranello, Italy-based sports car manufacturer said at its Capital Markets Day event that it would target a 2030 sports car model line-up made up of 40% internal combustion engine (ICE) cars, 40% hyb ...