What kind of idiot buys an EV Ferrari?

I'm willing to consider a hybrid but McLaren is trying to land the Report as a sponsor.

Ferrari scales back its electrification plans

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After years of electrification promises, as well as reported delays, iconic carmaker Ferrari finally announced more details about its first electric car on Thursday… while simultaneously announcing that it will be dialing down its plans for further electrification, focusing instead on its petrol and hybrid lineup over the next five years.

In an event at its headquarters in northern Italy, the company lifted the hood on its new, production-ready “Elettrica” model, finally offering a tangible look into the company's progress on its EV plan, which was announced back in 2022. The new fully electric vehicle is due to be delivered from late 2026, per the company’s 2030 strategic plan.

Still, as Ferrari CEO Benedetto Vigna was keen to emphasize, “The EV is an addition, not a transition,” suggesting that the electric model will complement, rather than replace, the company’s existing lineup.

In its new plan, Ferrari disclosed that it aims for a lineup made up of 40% internal combustion engine models, 40% hybrid, and 20% fully electric cars by 2030 — a shift from its 2022 ambitions, when the targets for EVs and ICE models were flipped.

Indeed, though Ferrari has ramped up its hybrid production since 2022, shipments have plateaued in recent quarters.

While Ferrari's (now slimmed-down) electrification efforts received mixed reviews, what was more decidedly negative was the company's financial outlook, which contributed to Ferrari's shares having their worst day in history on Thursday.

The company expects revenue of ~9.0 billion euros and EBITDA of at least 3.6 billion euros by 2030 — the latter implying a 6% compound annual growth rate, well below the 10% rate implied by the company’s 2022 outlook, according to an equity analyst at RBC Capital Markets.