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Business & Commerce

Ferrari Hits 2026 Annual Sales Target for First Electric Vehicle ‘Luce’ Driven by Strong Chinese Demand

Last updated: July 29, 2026 8:14 pm
Yamna Shahid
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Ferrari Hits 2026 Annual Sales Target for First Electric Vehicle 'Luce' Driven by Strong Chinese Demand
Ferrari Hits 2026 Annual Sales Target for First Electric Vehicle 'Luce' Driven by Strong Chinese Demand
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MARANELLO — Luxury sports car icon Ferrari has successfully met its 2026 annual sales target for the “Luce,” its highly anticipated and first-ever fully electric vehicle, propelled by robust demand in key markets like China. Priced at €550,000 ($626,285), the four-door, five-seat grand tourer represents a radical structural departure from the Italian marque’s traditional low-slung, petrol-powered V12 supercars. Featuring a distinctive “Glass House” fastback aerodynamic design conceptualized by Jony Ive’s studio LoveFrom, the Luce packs a formidable quad-motor setup delivering 1,035 horsepower, accelerating from 0 to 100 km/h in 2.5 seconds, and offering a 530 km range supported by 350 kW fast-charging capabilities.

Despite initial online backlash and controversy over abandoning traditional internal combustion engine acoustics and aesthetics—factors that even prompted Ferrari to delay a secondary EV project to 2028—the luxury carmaker reportedly met its target of just under 500 units within a mere two months. Ferrari has strategically positioned the Luce as a “360°” expansion vehicle designed to broaden its consumer base without phasing out its classic combustion and hybrid lineups.

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