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Ferrari bets on generational tech shift with Luce five-seat EV

Published by Global Banking & Finance Review

Posted on May 25, 2026

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· Last updated: May 25, 2026

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Ferrari Unveils Luce: Luxury Five-Seater Electric Car Targets Tech Generation

Ferrari Launches First Fully Electric Car: The Luce

By Giulio Piovaccari

ROME, May 25 (Reuters) - Ferrari presented its first fully electric car on Monday, marking a high-stakes shift by the luxury sports car maker as competitors including Porsche and Lamborghini scale back their EV ambitions, citing weak demand.

Design and Development of the Luce

The four-door Luce, Italian for 'light', was developed with the help of former Apple design chief Jony Ive and his collective LoveFrom, and is Ferrari's first five-seater.

Target Market and Features

Ferrari aims to appeal to families with deep pockets, offering them comfortable seats, high-end tech and a 600-litre boot. Deliveries of the long-awaited Luce, priced at €550,000 ($640,000), are due to begin in the fourth quarter of 2026.

"It's the result of five years of work," CEO Benedetto Vigna told more than 200 reporters gathered in Rome.

Technological Innovations and Market Strategy

The Luce, which amplifies natural vibration sounds from its EV powertrain to maintain the visceral appeal of a traditional Ferrari, marks a gamble that a generation steeped in technology and AI, and less attached to its trademark 12- and 8-cylinder engine legacy, will shift to high-tech luxury EVs.

Ferrari is hoping that will also give it the opportunity to move further into markets such as China, where EVs are already widespread and big petrol cars are heavily taxed.

Performance and Specifications

"In our client base there are many ... who are still looking for something completely different, to be used in different moments of life," said Ferrari's chief marketing and commercial officer Enrico Galliera. 

"It's absolutely stunning," Galliera added of the car, which features four electric motors — one per wheel — which help deliver more than 1,000 horsepower, a top speed above 310 kph, and increased agility for a car weighing more than 2.2 tons.

Ferrari said the Luce has a range of over 500 kilometres.

Launch Event and Design Aesthetics

A light show launch featured five Luces, painted from Ferrari-red to white and light blue, which mark a break from the carmaker's aggressive, muscular, signature sporty style with a larger body and expansive, glass-led design.

Interior and Luxury Elements

The Luce interior defers to traditional Ferrari luxury, with leather, glass and anodised aluminium surfaces as well as several physical controls which differ from the all-digital, touch-led approach of Tesla and some Chinese EV makers.

Additional Information

($1 = 0.8593 euros)     

(Reporting by Giulio Piovaccari; Editing by Alexander Smith)

Key Takeaways

  • Ferrari’s Luce is a bold strategic pivot: a quad‑motor, 1,000‑hp electric GT designed by Jony Ive’s LoveFrom, priced over €500K and offering >500 km range and a 600‑litre boot (en.wikipedia.org).
  • Competitors such as Lamborghini and Porsche are scaling back or delaying EV plans due to weak demand, making Ferrari’s launch a notable outlier (cnbc.com).
  • Ferrari positions the Luce as a symbolic, premium statement rather than a volume model; the second EV has already been delayed to 2028, reflecting cautious demand expectations (cnbc.com).

References

Frequently Asked Questions

What is the Ferrari Luce?
The Ferrari Luce is Ferrari’s first fully electric, five-seat luxury car, designed to attract affluent families and tech-savvy buyers.
When will Ferrari Luce deliveries begin?
Deliveries for the Ferrari Luce are expected to start in the fourth quarter of 2026.
How much does the Ferrari Luce cost?
The Ferrari Luce is priced at €550,000 (about $640,000).
What is the range and performance of the Ferrari Luce?
The Luce has a range of over 500 kilometres, can exceed 310 kph, and delivers more than 1,000 horsepower.
Who collaborated on the design of the Ferrari Luce?
Former Apple design chief Jony Ive and his collective LoveFrom collaborated with Ferrari on the Luce's design.

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