Grab To Add 200 Electric Cars In Singapore

Grab purchases 200 EVs and partners with SP Group charging operator in Singapore

Singapore-based Grab, a provider of on-demand transportation and a mobile payments platform intends to add 200 electric cars with DC-fast charging capability to its fleet. The first model is the Hyundai IONIQ Electric, although it’s not said that it will be the only model.

The first cars will enter service from early 2019. At the same time, Grab starts a strategic partnership with fast charging network SP Group (SP), which by 2020 plans to install 500 AC and DC charging points in Singapore.

As Grab provides a platform for taxi drivers, it hopes that those who sign up to use EVs, will be able to replace conventional cars by using DC fast chargers, but also improve earnings by up to 25%.

Grab and SP will also use the data to study EV usage patterns and behaviours to improve the accessibility and utilization of EV charging stations.

“Driver-partners on this new model will enjoy preferential EV charging rates from SP, at all their charging stations island-wide. With the cost benefits offered by EVs, they can expect to earn up to 25% more in daily income compared to those on a regular petrol vehicle and up to 20% more daily income compared to a hybrid vehicle.”

“Grab and SP will study EV usage patterns and behaviours to improve the accessibility and utilisation of EV charging stations. SP plans to install its charging points in convenient locations, many within close-proximity to coffee-shops and food outlets. This will allow Grab driver-partners to match their charging time with meal and driving breaks.”

“Specific details on pricing of charging facilities and EV models will be disclosed towards the end of the year when SP Group is expected to set up the first 30 charging points.

New EV fleet to hit the roads in 2019

With a sporty style and spacious interior that will appeal to Grab driver-partners, the new EV model boasts an estimated range of 400km per charge. Driver-partners only need approximately 40 minutes at SP’s high-speed DC charging points for a full day’s worth of driving on the Grab platform. In addition, some of SP Group’s venue partners will offer discounted parking to EV drivers using SP’s charging network. This partnership provides Grab driver-partners with greater time and cost savings, maximising their daily income.

Grab today operates the largest network of environmentally friendly vehicles such as EVs and hybrid vehicles in Southeast Asia and plans to further expand its electric mobility fleet.

Grab and SP Group believe in the impact of EVs on improving the overall health and liveability of cities. With a pervasive charging network and growing investments in EV, Singapore is one step closer to meeting its sustainability goals.”

Lim Kell Jay, Head of Grab Singapore said:

“We have heard from our driver-partners that a faster charge time and longer EV driving range are important considerations for them when making the switch to EVs. We have taken their feedback on board and have negotiated the best deals to bring them concrete savings and the best vehicle model to cater to their driving needs. We are proud and happy to partner with SP, which has a long history of serving Singaporeans. With SP joining our consortium of EV partners, Grab is in a unique position to help drive a cleaner, greener Singapore by encouraging more of our drivers to adopt EVs. Grab operates the largest electric and hybrid vehicle fleet in Southeast Asia today, and we are committed to delivering the benefits from EVs to more of our driver-partners,”.

Mr Goh Chee Kiong, Head, Strategic Development, SP Group said:

“We are pleased to enable the success of Grab’s electrification efforts through our plans to launch Singapore’s largest public electric vehicle charging network. The pervasive fast-charging network will provide Grab’s EV drivers with convenience and speed in charging their vehicles, while helping them to achieve energy and cost savings. This will accelerate the wider adoption of EVs in Singapore and support the nation’s efforts to reduce our carbon footprint,”.

Commenting on the partnership, Grab driver-partner Jason Ryan, said:

“This new partnership will give me access to more charging locations island-wide, allowing me flexibility to plan my day. I am also excited to try out the new fast-charging EVs which will let me maximise my time on the road and increase my overall income.”

Source: Grab via Green Car Congress

Source: Electric Vehicle News

Pininfarina Confirms Electric Hypercar Launch For 2020

Given the Italian coachbuilder’s past, the hypercar should be a beauty.

Pininfarina is generally more famous for its gorgeous designs rather than creating its own vehicles from the ground up, but under the ownership of Mahindra & Mahindra, the Italian coachbuilder looks to become an EV-focused automaker. An electric hypercar arriving in 2020 could be the firm’s first model under this new initiative, and more products will arrive later.

Related – Pininfarina Teases Pure Electric K350 Crossover Concept

Mahindra’s backing will allow Pininfarina to design, engineer, and manufacture its own models, according to The Business Standard. The brand will focus on creating high performance and luxury electric models. The vehicles’ EV tech will take advantage of Mahindra’s knowledge from participating in Formula E racing, too.

Pininfarina has been hinting toward building its own models throughout much of the year. “My father’s dream was to build a car company and his father’s dream was also to build a car company,” CEO Paulo Pininfarina said at the 2018 Geneva Motor Show. “Now I plan for that dream to come true.”

Mahindra purchased Pininfarina for $185 million in 2015. Since then, the Italian firm has supplemented penning supercars with showing off concepts for a variety of electric vehicles. The two most recent of them are K350 SUV and H500 sedan show cars. However, the earlier HK GT (pictured above) is likely the best preview so far of what Pininfarina might have in mind for its new supercar. It features a sleek, flowing shape and a pair of massive gullwing doors that allow entry to both rows of seats – although engineering this element for a production model might be a challenge. The HK GT uses four electric motors with a total of 1,073 horsepower (800 kilowatts) that can accelerate the coupe to 62 miles per hour (100 kilometers per hour) in 2.7 seconds. Pininfarina equips the concept with a relatively small 38-kilowatt-hour battery but imagines offering a turbine, hydrogen fuel cell, or combustion engine as possible range extenders.

A rumor from 2017 indicated that Mahindra wanted to sell electric vehicles under the Pininfarina brand in the United States and China. “Competing in the U.S. is like the old Frank Sinatra song that if you can make it there, you can make it anywhere,” Mahindra Group chairman Anand Mahindra said at the time. “So when you sell cars in the U.S., it forces you to be the most competitive.”

Source: The Business Standard

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Source: Electric Vehicle News

2018 Pebble Beach Recap: Electric Domination

The Electricity Was Not Only in the Air

Every August all eyes turn to Monterey and Pebble Beach Week to celebrate and view the most exquisite automobiles from all over the globe.  Nowhere else on earth can such an excellent collection of cars from every year and marque be seen.

In the last few years, Pebble Beach has also become the favorite place for automakers to show off their latest work in electrified cars.  What started off as a trickle a few years ago has become a torrent of a new EVs, new manufacturers and new technologies.  Clean Fleet Report was there the entire week, and here are the new BEVs and PHEVs we found at Pebble Beach EV Week.

*Editor’s Note: Our thanks go out to Gary Lieber and Clean Fleet Report for sharing this exclusive coverage with our readers. Check out Clean Fleet Report here.


Audi introduced a new all-electric BEV supercar concept named the Audi PB 18 E-tron, which gives us hints at the next iteration of their current Audi R8 supercar.

Audi E-tron

Audi showed what may be its new electric flagship

The PB-18 presents Audi’s vision of a pure electric supercar that is comfortable on both a city street and on a race track.  The body is a mix of aluminum-carbon and multi-material composites that ensures a lightweight, high-strength structure.  Powered by three electric motors, one driving the front wheels and two in the rear resulting in Quattro mode.  This combination provides up to 612 pound-feet (lb.-ft.) of torque that can provide 0-60 mph times of under 2 seconds, an acceleration that is only slightly slower than Audi’s LMP1 race cars.

Power is supplied by an onboard 95 kWh liquid-cooled solid-state battery that on a full charge gives the car a range of 310 miles.  Charging is compatible with 800-volt DCFC SAE chargers. Fully recharging the PB18 takes only about 15 minutes.

Audi E-tron

The Audi E-tron interior looked ready to race

The interior of the PB-18 is unique in that while it is a two-seat vehicle, the passenger seat folds away, and the driver’s seat, controls, and instruments can be moved to the center of the car, giving the driver command of the vehicle in a race seating arrangement.

Despite its racing capabilities, the PB-18 can act like a two-seat GT with a generous 16.6 cubic feet of cargo space and plenty of range.  If the PB-18 concept makes it into production, look for it in the 2020 timeframe as a replacement for the ICE powered Audi R8 supercar. Expect more news from Audi about its electric vehicle intentions with the September 17th world introduction of the Audi E-tron SUV, Audi’s first pure BEV vehicle.


The Bentley Bentayga SUV now has a plug-in hybrid version.  In the last three years, this bespoke SUV has established itself as the pinnacle of luxury in an SUV, and the introduction of the hybrid version keeps in at that forefront.  The Bentayga’s PHEV version powertrain is identical to the Porsche Cayenne E-Hybrid, which shares its platform with the Bentayga. A V-6 drives the front and rear wheels coupled with a 134-horsepower (hp) electric motor driving the rear wheels providing a total of 455-hp and 516 lb.-ft. of torque. A 14.1 kWh battery gives the Bentayga about 20 miles of pure electric range. Look for the Bentayga E-Hybrid to be available in spring of 2019.

Bentley Bentayga PHEV

Even Bentleys will plug in


A newcomer to the BEV space, Byton is a well-funded Chinese premium vehicle brand.  With design, R&D and manufacturing facilities in Nanjing, China; Munich, Germany; and Silicon Valley, Byton is aspiring to build the next generation of intelligent electric vehicles.

Byton interior

The Byton EV uses the whole dash as a display

At Pebble Beach, Byton displayed the first two vehicles its pipeline.  The M-Byte, an all-electric SUV, is the furthest along with pre-production test vehicles on public roads in China, the U.S. and Europe.  The M-Byte promises to be a truly connected vehicle with a massive wall-to-wall front screen, Level 3 autonomous services, a 325-mile range and high-speed DCFC charging.

Byton also gave a glimpse of its second vehicle, the K-Byte, a four-door all-electric sedan with a $45,000 price tag.  The K-Byte aims to take Level 4 autonomous services to production reality.  Level 4 is defined as the state where the car can operate without human input or oversight, but only under specific conditions.  Byton has a goal of 2020 for delivery of this BEV.

Both the M-Byte and K-Byte will come in either two-wheel drive with a 71 kWh battery and 272-hp electric motor, or an all-wheel-drive performance model with a 95 kWh battery and dual motors totaling 476 hp.  Expected ranges for the two versions is about 200 and 260 EPA-measured miles.


While not a household name, Genovation is a bespoken BEV manufacturer based in Rockville, Maryland. Starting with a C6 Corvette Grand Sport, Genovation removes

Genovation EV Corvette

Putting the electricity into a Corvette body

the ICE motor and replaces it with dual electric motors coupled to either a seven-speed manual transmission or an eight-speed automatic and rebrands the car as the Genovation GXE.  With a 65 kWh battery good for 130 miles, the GXE has 800 hp, 700 lb.-ft. of torque, available from zero to redline for a top speed of 220 mph.  The body is massaged aerodynamically with a new front and rear fascia, and well as underbody smoothing.  The GXE is a real hairy-chested supercar in the American tradition, but 100 percent electric.  A first-generation version of the GXE currently holds the world record for the top speed in an electric vehicle of 209 mph.


Jaguar recently introduced the I-Pace all-electric SUV with first deliveries coming up in the 4th quarter of 2018.  It’s a very promising vehicle and the first of many BEV SUVs expected in the next two years.

At the 2018 Rolex Monterey Motorsports Reunion, Jaguar took a bone stock I-Pace onto the WeatherTech Laguna Seca racetrack and promptly set a new lap record for a stock production electric vehicle of 1:48:18. A Tesla Roadster established the previous BEV Laguna Seca record of 1:49:02, and a Model 3 turned in the fastest lap for a BEV sedan of 1:57:50.

2019 Jaguar I-Pace

Jaguar’s setting records and preparing to deliver

Racing BEVs has been problematic for early Teslas with the cars going into limp mode because of overheating after a few laps, but the I-Pace ran into none of those issues.  The I-Pace may be a turning point for BEVs, where battery overheating during performance track driving becomes much less of a concern.

Expect to see this record challenged as more and more BEVs become available with performance packages.

Jaguar also displayed their E-type Roadster electric conversion that will now be available from Jaguar Land Rover Classic Work. Rimac, a manufacturer of bespoke electric supercars, provides the propulsion and battery system.  Two options are available, either a wholly re-manufactured E-type with the electric conversion or, for current owners of 1961 through 1975 E-Type Jags, a convertion to electric propulsion.

The conversion replaces the six-cylinder E-type ICE with a 295-hp electric motor powered by a 40 kWh battery, providing a range of about 170 miles.  The battery, motor and electronics conversion fit where the original engine and gearbox were and makes the E-Type about 100 pounds lighter.


MB unveiled a concept show car at Pebble Beach, the EQ Silver Arrow.  The single-seat EQ Silver Arrow pays homage to the successful record-breaking W-125 Mercedes land speed record car from 1937.  That car set the public road land speed record of 268.9 mph in 1937 on the A5 autobahn, a record that stood until 2017.  While this car will probably never see production, it is raising attention to Mercedes’ launch of its new BEV brand EQ on September 4th.  Mercedes will announce its first fully electric SUV, the EQC.  Expect this SUV to be equipped with a 400 hp electric motor system and a 70 kWh battery that will provide 0-60 MPH in under five seconds and have an estimated 310-mile range.

Mercedes-Benz Silver Arrow

Another Arrow in Mercedes’ quiver


A new electric performance brand from Volvo Car Group, Polestar, made its North American Debut at Pebble Beach.  Its first vehicle, the Polestar 1, is a low-volume electric performance plug-in hybrid GT.  Based on the Volvo S60 T8’s supercharged/turbocharged 2.0-liter engine with inline electric motor, the Polestar 1 adds two rear axle electric motors and a 34 kWh battery that gives 65 EPA-measured miles of pure electric range and a total of 600 hp and 738 lb.-ft. of torque.  The body of the Polestar 1 is a combination of carbon fiber and aluminum.  Polestar will produce only 1,500 Polestar 1s, with only 500 of them coming to the US.  The Polestar 1 will sell for $150,000 (200 are already reserved) with deliveries starting spring 2019. The next two Polestar vehicles on the drawing boards will be full battery electric vehicles with more mainstream pricing.

Volvo Polestar 1

Volvo’s Polestar performance electric comes to the U.S.


The Porsche Taycan, previously known as the Mission E, made its North American debut at Pebble Beach.  Porsche North America has started taking deposits for the four-door pure electric GT for delivery beginning in 2019.  The dual-motor BEV is expected to have 600 hp and about 310 EPA miles of range.  The Taycan has a modest (for BEV supercar standards) 0-60 mph acceleration of 3.5 seconds and 0-120 mph in 12 seconds.  It features an 800-volt charging system that will add 250 miles of range in just 15 minutes. The Taycan is now in pilot production testing with over 100 vehicles worldwide.

Porsche Taycan

Porsche gets serious about EVs

Rimac Automobili

Croatian BEV manufacturer Rimac sits at the top tiers in the rarified world of bespoke hyper-EVs.  It also is one of the leading BEV engineering firms with a client roster reading like the who’s who of the BEV world.  Rimac is an engineering partner to the likes of Aston Martin, Jaguar, Renault, Koenigsegg, Seat, Siemens and Brembo.  Recently, Porsche/VW took a 10 percent ownership in Rimac, mainly for its BEV engineering expertise.


You can have the first or last one available

At Pebble Beach, Rimac announced its third Hyper-EV, the California Edition Rimac C_Two.  The C_Two has four electric motors, one each driving the wheels and delivering 1,888 hp and 1,700 lb.-ft. of torque, giving it that ability to accelerate from 0-60 mph in 1.85 seconds with a top speed of 258 mph.  With its 120 kWh battery, it’s good for 404 miles on a single charge if driven at the posted speed limits.  Of course, the Rimac C_Two has all the latest ADAS and will be Level 4 autonomous capable.  If this is the kind of car you are looking for, you better act fast, as only two examples are available, each costing north of $2 million.


At Pebble Beach, Volkswagen showed off its next Atlas CUV, the Atlas Cross Sport.  Based on The Volkswagen MQB architecture that has given us everything from the Golf and Tiguan to the three-row Atlas.  The Atlas Cross Sport will be VWs first four-door PHEV/HEV crossover, borrowing the GTE PHEV technology from the Golf, but mating it with a 3.6-liter V6 FSI powerplant along with front and rear electric motors.  The gas motor is good for 276 hp and 258 lb.-ft. of torque, combined with the front electric motor producing 53 hp/162 lb.-ft. of torque and the rear making 113 hp/199 lb.-ft. of torque, plus a six-speed DSG transmission and all-wheel drive.  While the drivetrain is the same for the PHEV and the HEV, the PHEV adds an 18 kWh battery good for about 26 miles of electric-only driving, while the HEV version has only a 2 kWh battery good for just about 1.5 miles of range.  Like the Golf GTE, there is a variety of driving modes. including performance, which utilizes the maximum power of all of the motors to produce a 0-60 mph at about five seconds.  An “off-road” mode is also available.

Volkswagen Cross Sport

VW plugs in the Atlas

The Cross Sport has an impressive looking interior that is entirely digital.  It will have all of the latest ADAS features combined with the innovative GTE technology. Built at VW’s Chattanooga, Tennessee plant, the Cross Sport will join the eight-passenger Atlas.   Look for it in 2019.

Surely next year’s show will be even more electrifying!

Source: Electric Vehicle News

Nissan Teams With Kohnan Shoji To Expand Japan Car-Sharing Service

Nissan is expanding its e-share mobi car-sharing service in Japan, which was launched in January 2018 with the new LEAF and Note e-POWER.

The service started in January with 30 stations and is gradually being expanded.

Through a new partnership with retailer Kohnan Shoji, Nissan will add 100 new e-share mobi locations by the end of March 2019, which we assume will amount to hundreds of cars and thousands of drivers that will get a chance to drive electric.

By then end of the current fiscal year (March 2019), Nissan plans to have total 500 e-share mobi locations in Japan.

While the Nissan LEAF is all-electric, the Note e-POWER is a series-hybrid type without plug-in capability.

“The service lets customers use the new Nissan LEAF electric car or the Nissan Note e-POWER for periods of as little as 15 minutes. It will be available at about a third of Kohnan’s home center stores in the country by the end of March 2019, the companies announced today.

The expansion will give more customers the chance to experience the advanced Nissan Intelligent Mobility technologies of the 100% electric LEAF and the Note e-POWER, which features an electric powertrain. The service combines Nissan’s leadership in vehicle electrification with its commitment to developing new mobility services, including car-sharing and robo-taxi ride-hailing.”

“Adding the service at Kohnan’s stores will make it easier for customers who don’t have cars to bring home large items they’ve purchased. Each of the new stations will also have an electric car charger, further contributing to the promotion of electric vehicles.”

Source: Electric Vehicle News

Litter Of Kittens Found Hitching A Ride In Chevy Bolt EV

More cats are ride sharing in electric vehicles to lower their carbon pawprint.

Earlier this week, several service technicians at Capital Chevrolet in San Jose, CA made an interesting discovery. While working on a Chevy Bolt EV, they started hearing an unusual noise coming from the car’s wheel well. After a quick investigation, they found a litter of kittens had made the Bolt their home.

Well, what do we have here? Stowaways! 

Listen to that engine purr. Wait no, that can’t be right… this car is electric!

Well, what do we have here? Stowaways! 

Well, what do we have here? Stowaways

The dealership provided the cats with a suitable loaner while their vehicle was being worked on.

The dealership provided the cats with a loaner while their vehicle was being serviced.

A mother cat most likely decided to make a home for her kittens inside of the Bolt EV to escape the elements. This is actually a somewhat common occurrence. Small animals will seek shelter in a vehicle from the hot sun in the summer or the bitter cold of winter. She also heard that rated the Bolt EV as the best car for new parents.

It is now official, the Chevy Bolt is kitten tested, mother approved.

Check out the video to watch the rescue operation unfold!

Video Description via CarGurus on YouTube:

Earlier today, several Service Technicians were working on a Bolt EV at Capitol Chevrolet when they heard a rather unusual noise in the car’s wheel well. This is what they found!

Source: Electric Vehicle News

Tesla Roadster is ’embarrassing’ us, says supercar maker Koenigsegg

Despite still being about two years away from production, the next-gen Tesla Roadster is seemingly already having an impact on the industry as a prototype.

Christian von Koenigsegg, the head of supercar maker Koenigsegg, says that the Roadster’s performance was “embarrassing” them and they had to up their game following the unveiling. more…

Source: Charge Forward

UK Government Invests In Nissan Electric Van Project

The company hopes new battery tech will help manufacturers electrify commercial vehicles.

The British government has offered funding for a Nissan-backed project to create new batteries that will extend the range of vans.

Led by sustainability firm Ceres, the project aims to develop a compact, high-power density solid oxide fuel cell for use in commercial vehicles.

Although the government-run Advanced Propulsion Centre (APC) says commercial vehicles are among the hardest vehicles to “decarbonise”, the organisation hopes Ceres and Nissan’s project will “enable a significant reduction” in city-centre pollution.

The scheme is one of three to get a combined total of £35 million in government funding.

Other projects to receive funding include a joint venture between Hofer Powertrain and Aston Martin, which plans to create a new generation of e-motor and inverter modules for use in high-performance electric cars.

The final project is a hydraulic power system for “off-highway” vehicle sector, which includes vehicles such as diggers and dump trucks.

Ian Constance, chief executive of the APC, said: “The challenge of lowering emissions is shared by the entire automotive industry, and includes all areas of the sector. This latest round of APC funding highlights the broad range of vehicle types that will benefit from developments in low carbon innovation, with successful applicants developing technologies for commercial and off-highway vehicles, as well as the wider e-mobility industry. We expect that this approach will help to create and safeguard jobs across the UK automotive sector.”

Phil Caldwell, CEO of Ceres Power, added: “This APC-funded project will develop an automotive-specification fuel cell range extender. It is the next step towards increasing the technology and manufacturing readiness of a compact, robust, fast-response SOFC (Solid Oxide Fuel Cell) stack for high-volume production. APC funding enables Ceres and its partners, who are responsible for the automotive application, to jointly engineer a SOFC solution that contributes to a low-carbon future.”

Source: Electric Vehicle News

Mercedes-Benz EQC, Byton M-Byte, Faraday's Future, fuel-economy demands: The Week in Reverse

Mercedes-Benz EQC prototype testing in Black ForestWhich company started testing new electric cars in China? What’s different about a new travel trailer in Europe? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending August 31, 2018. Friday we learned that Chinese startup electric-carmaker Byton has begun testing its semi-autonomous M-Byte…
Source: Hybrid and Electric Car News and Reviews

India To Get 1,000 New Electric Buses Next Year

India’s capital Delhi suffers from a lack of buses and it turns out to be an opportunity to purchase a fleet of all-electric ones.

According to reports, some 1,000 low-floor electric buses is expected are to be ordered. EVs will enter service in phases, beginning from June or July next year.

We wonder who will be able to quickly deliver hundreds of buses to India and only BYD comes into mind, especially since several years ago there were some pilot projects with BYD buses in India. Buses needs to be supplemented by charging infrastructure, which also doesn’t arise in a moment, but BYD can cover that too.

The other path of electrification being considered is hydrogen fuel cell buses, but for now rather as a test project, because it’s too early for commercialization (automotive industry barely supplies hundreds or thousands of hydrogen cars).

Source: Times of India

Source: Electric Vehicle News

Ferrari Says It Will Be First To Make True Electric Supercar

For some time, Ferrari fans have figured that Ferrari wouldn’t be touching the electric vehicle landscape.

These beliefs were reinforced in 2011, when former Ferrari President and Chairman Luca di Montezemolo was asked whether or not Ferrari would be creeping into EV scene in the near future. His response was interesting to say the least:

“You will never see a Ferrari electric because I don’t believe in electric cars, because I don’t think they represent an important step forward for pollution or CO2 or the environment.”

Clearly, the attitude of Montezemolo towards electric cars was hostile. Combine that with the classical, purist nature of Ferrari fans, most believed that Ferrari wouldn’t be making electric models any time soon, or at all for that matter. However, Montezemolo wasn’t against all electrical applications, since he was an advocate for the at-the-time up and coming LaFerrari, one of Ferrari’s most advanced cars, and also a hybrid.

Montezemolo, pictured in the middle

Unfortunately, Montezemolo was unable to keep this vision, as he resigned in October of 2014. There was lots of speculation as to why he was leaving. Some believe he was tired of being Chairman for 23 years, others speculated it was the fact that Ferrari was going public and he didn’t want any part in the politics that played into a business move of that caliber.

The point being, there are many reasons why he could have left, but one that is most commonly believed is that Montezemolo was clashing with Fiat-Chrysler’s CEO, the late Sergio Marchionne, and that he was forced out.

Montezemolo was primarily concerned with F1 racing and protecting the Ferrari brand, he was worried that producing too many Ferrari models would dilute the brand. He was also a known adversary of the Ferrari SUV, slated for a late 2019 release. His views on these subjects very heavily opposed Sergio Marchionne, someone you could call a progressive thinker, not only did his worldview differ greatly than Montezemolo’s, but so did his stance on the future of Ferrari.

“If there is an electric supercar to be built, then Ferrari will be the first.”

This is a direct quote from Sergio Marchionne from an interview with Bloomberg in January of 2018, and by dissecting Marchionne’s further statements about the future, it seems that electric Ferrari’s will be arriving sooner than later.

Sergio Marchionne at the NYSE

“I hope you don’t buy [the Fiat 500e] because every time I sell one it costs me $14,000”

“I don’t know of a business that is making money selling electric vehicles unless you are selling them at the very, very high end of the spectrum.”

For Marchionne, he believed he could turn a profit on a luxury, high end Ferrari while maintaining the brand’s pristine image. For most other automakers, electric cars do not yield a high profit. However, there is heavy pressure on car companies due to penalties for not hitting CO2 targets, and of course there is the fact that Porsche, Aston Martin and other automakers have already made official announcements on their EV futures.

“Whenever we end up going to auto shows, the intensity with which we make these proclamations goes up exponentially.”

Since these comments, and as mentioned earlier, Sergio Marchionne passed away. Which left some uncertainty for the brand’s future, and left some purists rooting for a Montezemolo comeback, which ultimately didn’t happen.

Instead, Louis Camilleri took over the reigns as CEO. Camilleri was a friend to Marchionne, and he joined Ferrari’s Board of Directors in 2015. Camilleri has been connected to Ferrari and Formula 1 racing for a long time, and being an international business mogul, he shares global viewpoints with Marchionne.

Marchionne pictured on the left, Camilleri on the right

Also, while running Phillip Morris, Camilerri invested in smokeless tobacco or E-cigarettes, which have cause a huge shift in the tobacco industry. His interest in electric innovations to past products could point towards future plans for Ferrari EV models.

While change has been a common theme of late for Ferrari, it looks like the one thing will remain constant, the effort of Ferrari to push further technologically in order to achieve the fastest electric supercars.

Source: Electric Vehicle News