Ferrari releases first electric car worth $550 000

Italian company Ferrari is releasing the first all-electric car, the Luce, priced at $550 000.

The BBC writes about this.

It is also the companyʼs first five-seater car — it was created together with the American design company LoveFrom.

The Luce has an electric motor on each wheel, allowing it to accelerate to 60 mph in about 2.5 seconds. Its power output is 1 035 horsepower from four motors. Its range is about 330 miles.

It took five years to develop the electric car — the company manufactured all of its parts independently.

Serial production of the Ferrari Luce is scheduled to begin at the end of 2026.

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