Ferrari CEO shrugs off concerns about EV performance

Key Facts

• Harold Cunningham | Getty Images News | Getty Images The CEO of Ferrari on Tuesday moved to allay fears the firm's upcoming electric offering will compromise on performance, telling CNBC the luxury carmaker had a "deep understanding" of vehicle dynamics.
• In an interview with CNBC's Joumanna Bercetche, Benedetto Vigna was asked about the weight of batteries used in an EV, and if an electric model would be able to preserve the feel, power and aerodynamics of a Ferrari.
• The company has said ICEs will have a 40% share in its "product offering" by the year 2026, with hybrid and fully electric vehicles making up 60%.
• By 2030, it wants ICEs to make up 20% of its offering, with hybrid and fully electric vehicles each having a 40% share.

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