MILAN – Italian luxury sports carmaker Ferrari raised its 2025 guidance on Thursday, despite global 15% tariffs on foreign car imports to the United States, as the company unveiled the new powertrain and chassis of its first fully electric production vehicle.

Ferrari CEO Benedetto Vigna declined to give target production numbers or a price for the Ferrari Elettrica, which will be delivered beginning late next year, with the design to be revealed in the spring.

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Under the carmaker’s new five-year plan, 40% of the product lineup will be the brand’s core internal combustion engines, 40% will be hybrid and 20% will be electric by 2030 , with an average of four new launches a year in the period. The new business plan calls for more models with lower volumes of each.

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