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Ferrari Unveils $640,000 Electric Vehicle Designed by Jony Ive

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Ferrari has unveiled its first fully electric model, the Luce, a four‑door, five‑seat vehicle priced at $640,000 or more and slated for delivery in the fourth quarter of 2026. The car shares design elements with existing Ferrari models such as the Amalfi, 296 GTB, and Purosangue SUV. The announcement triggered a decline in Ferrari’s shares, making them among the worst performers on Milan’s exchange that day.

    1. In our client base there are many … who are still looking for something completely different, to be used in different moments of life.
    2. We can maintain our current [design language], which is the current offer, satisfying our clients, and we want to test something completely different with different approaches.
    3. We want to bring something that we consider as a game changer, really talk in a different language.
    1. It's the result of five years of work.
    1. This new model carries into the future the values that make Ferrari instantly recognisable all over the world.