Ferrari to make electric super car to beat Tesla Roadster

A Ferrari SUV Won’t Happen As Long As Marchionne is Still In Charge

However it seems that Ferrari has recently confirmed that they will be building an electric supercar that could potentially cater to those who want a fast and eco-friendly vehicle.

The report also added that Ferrari is looking to build their first ever electric supercar as well and that they are looking forward to competing with the other performance electric model like the Tesla.

The auto executive, who also heads, told reporters at the North American International Auto Show that whatever has done with high-end electrics can be done by others in the industry.

Ferrari boss Sergio Marchionne has confirmed a Ferrari SUV will arrive by 2020, and that Ferrari has plans to build an electric supercar following hybrid Ferraris.

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It's actually a huge turnaround by Marchionne and the Italian supercar brand as only two years ago the CEO said that a Ferrari without an internal combustion engine would be what he described as, "an nearly obscene concept".

The Italian race auto brand is not the only one moving towards electrification.

Ferrari's electric overhaul and SUV plans comes with a plan to exceed the company's 10,000 cars-a-year sales limit that has been self-imposed to preserve the brand's exclusivity. The goals include doubling operating profit to about 2 billion euros ($2.35 billion) by 2022, the people said then. Marchionne reckons, for example, that by 2025 fewer than half the cars sold will be be fully combustion-powered, as gas and diesel give way to hybrid, electric and fuel cell drivetrains.

He says that carmakers have less than a decade to reinvent themselves and embrace new automotive technologies to survive in the future automaker.

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