Ferrari boss has zero fears over electric future

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Ferrari, the sports car maker synonymous with roaring petrol engines, welcomes the shift to electric powertrains and is confident of retaining its lead in the market for high performance cars, its chair said on Monday

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The EU last month proposed an effective ban on the sale of new petrol and diesel cars from 2035 as part of its measures to combat global warming, posing a challenge to automakers that have made powerful engines a key selling point.

“We see the regulation as welcome,” Elkann said, as Ferrari stuck to its main 2021 targets after reporting second-quarter core profits just ahead of expectations. Elkann, the scion of Italy's Agnelli family which controls Ferrari through its investment company Exor, was speaking weeks before new CEO — technology industry veteran Benedetto Vigna — takes the helm on September 1.

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