Exclusive: Ferrari’s first electric car to cost over $500,000

Ferrari’s first fully electric car, set to launch late next year, will cost over $535,000 (500,000 euros), targeting ultra-wealthy buyers. The company is opening a new plant that will make the EV and other models, potentially boosting total production capacity by up to a third to 20,000 cars annually. However, Ferrari plans to maintain exclusivity, with the EV expected to be a niche model initially. Reuters