Ferrari to make 80% hybrid and full-electric range by 2030

Italian luxury sportscar maker Ferrari has outlined an electrification strategy that calls for 40% full-electric and 40% hybrid models by 2030.

CEO Benedetto Vigna confirmed Thursday that the first electric car will be presented in 2025, with the first deliveries the following year. Now, just four Ferrari models, or 20% of the range, are hybrid cars.

Its first hybrid model was the limited edition La Ferrari launched in 2013, capitalizing on Formula 1 technology.

Vigna, a former technology entrepreneur who joined Ferrari as CEO nine months ago, said the electrification strategy is ``highly relevant'' to meet emissions regulations and to enhance performance.