Ferrari CEO Louis Camilleri was recently interviewed by CNBC when he dismissed concerns that electric vehicles would not be as good in terms of performance as their internal combustion engine-powered counterparts. In the interview, Camilleri said that electric vehicles are capable of reaching 0 to 60 miles per hour just as fast as conventional cars can, provided they have the same horsepower and weight capacity. He also explained that Ferrari has always been at the forefront of innovation and welcomes new challenges, such as creating an electric supercar that can be purchased by everyday drivers.

The chief executive of Ferrari tried to reassure everyone Tuesday about the car company’s new electric car’s potential for speed, and the intricacies of automotive dynamics.
“We can handle the additional weight in terms of driving and vehicle dynamics,” .
“It’s true that we have a few hundred kilograms more than a regular ICE car for the same horsepower, but what really reassures me is the fact that we have a deep understanding of the vehicle dynamics.”
“Consider today, a lot of cars have, more or less, access to the same electronic chips,” Vigna said.
ferrari cars have a distinctive shape, feel, and price.
The difficulty, however, isn’t necessarily a bad thing, he continued. We see it as an opportunity to continue making a valuable contribution to the company.
Ferrari plans to launch a fully electric car in 2025, but for now, it will continue to make internal combustion engines too.
In 2026, ICEs will make up 40% of its “product offering,” with hybrids and fully electric vehicles making up 60%. By 2030, ICEs will make up 20% of the company’s offering, with hybrids and fully electric vehicles each making up 40%.
The handcrafted battery modules are manufactured in Maranello, Italy and are then integrated into the chassis of the car to lighten the vehicle.
BMW’s Rolls-Royce Motor Cars and Volkswagen’s Bentley Motors are also developing electrification strategies.
All of the above occurs at the same time that major European economies are devising plans to move away from gasoline and diesel-powered vehicles.
By 2030, the U.K. plans to end the sale of new diesel and gasoline cars and vans. By 2035, it will require that all new cars and vans have zero tailpipe emissions.
In response to the UK leaving, the European Union — who the UK left on Jan. 31, 2020 — has pursued similar targets.