Ferrari has revealed plans to build an all-electric supercar to take on the established likes of Tesla in the high-performance EV market.
The Italian manufacturer has yet to detail a timeframe for the launch of the car, although Fiat Chrysler CEO Sergio Marchionne told reporters at the Detroit auto show that it will also introduce its first SUV by 2019 or 2020.
According to a report from Bloomberg, Marchionne believes that a battery-powered Ferrari will be made out of necessity.
He predicts that that fewer than half the cars sold will be fully combustion-powered by 2025, as gasoline and diesel engines make way for hybrid, electric and fuel cell powertrains.
“If there is an electric supercar to be built, then Ferrari will be the first,” Marchionne said. “People are amazed at what Tesla did with a supercar: I’m not trying to minimize what Elon did but I think it’s doable by all of us.”
Tesla recently announced plans for an all-new Roadster model, which will start at $200,000, although a timeline has also not yet been detailed.