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Why is Ferrari (RACE) still relying on its EV, even as Lamborghini backs off?
Yahoo Finance· 2026-03-20 17:16
Group 1: Ferrari N.V. Overview - Ferrari N.V. (NYSE:RACE) is recognized as one of the top 10 auto manufacturer stocks to buy according to analysts [1] - The company is set to launch its first electric vehicle, named the Luce, available for order in spring 2026 [1] - Ferrari has adjusted its electric vehicle sales goal to 20% of overall sales, down from a previous target [1] - The company continues to produce internal combustion vehicles, including models with 12-cylinder engines [1] - Ferrari sells approximately 14,000 vehicles annually, with prices ranging from the low hundreds of thousands to several million dollars [1] Group 2: Market Position and Strategy - RBC Capital analyst Tom Narayan suggests that Ferrari is hedging its risks by transitioning towards electric vehicles while maintaining its traditional internal combustion engine portfolio to cater to its core customer base [1] - In contrast, Lamborghini has halted pure electric vehicle development due to low demand in the luxury supercar segment, opting to focus on hybrid models instead [2] - Lamborghini's executives express that battery-electric vehicles lack the emotional connection associated with gas-powered supercars [2] - Ferrari's independent status allows for a broader market approach compared to Lamborghini, which operates within the Volkswagen Group's corporate framework [2] Group 3: Product Line - Ferrari designs, engineers, produces, and sells luxury sports cars, with notable models including the F12 Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, LaFerrari Hybrid, LaFerrari, and FF four-wheel drive [3]