The decision comes after the European Union announced the ban on new combustion-engine vehicle sales in 2035.
In the past few years, the electric vehicle market has witnessed massive growth.
most of the credit goes to strict emissions laws by the government.
all to launch its first electric car in the international market by 2025 or 2026.
Ferrari CEO Benedetto Vigna said that the company is still on schedule to reach its carbon neutrality target by 2030.
In order to take a step forward in the same direction the brand will introduce its first electric vehicle in 2025.
However, the opportunity to continue selling combustion-engined vehicles is advantageous because ICE (internal combustion engine) still has a lot to do, Vigna added.
The comment from his side comes at the time when the European Union announced the ban on new combustion-engined vehicle sales in 2035.
The intermediate emissions reduction targets have been set for 50 percent by the EU.
The report says they are using top technologies, and making sure that those cars that are famous for their roar to at least maintain their charm.
Quote Of The Day
“My philosophy is: If you can’t have fun, there’s no sense in doing it.”