Ferrari to Introduce First EV in 2025

Ferrari's SF90 Stradale hybrid sports car is displayed at the company's base in Maranello, Italy. (Reuters)
Ferrari's SF90 Stradale hybrid sports car is displayed at the company's base in Maranello, Italy. (Reuters)
TT

Ferrari to Introduce First EV in 2025

Ferrari's SF90 Stradale hybrid sports car is displayed at the company's base in Maranello, Italy. (Reuters)
Ferrari's SF90 Stradale hybrid sports car is displayed at the company's base in Maranello, Italy. (Reuters)

Electrification is coming for everyone—that includes Porsche, Lamborghini, and even Ferrari, the automaker responsible for some of the most sonorous, soulful internal-combustion engines (ICE) in the world.

Unlike, Bentley, its British rival, Ferrari hasn't put a hard stop date for their ICE engines, although the company is already dabbling in electrification with its hypercar, the SF90, the German news agency reported.

According to a new report from EVO Magazine, it seems that Ferrari's first EV will arrive by 2025.

Ferrari's first EV will likely be a hypercar to compete with the likes of the Lotus Evija and the Rimac Concept 2.

Long, low, wide, and fast as you-know-what—that's the Ferrari way. This means that Ferrari's EV won't miss any of the major features we usually see in its other vehicles, except for the traditional powerful engines, which will be replaced with electric ones.

As Ferrari delves deeper into the world of EVs, more all-electric models may emerge. Perhaps an electric FF/GTC4 Lusso successor is in the cards.



Australia Ditches Plans to Fine Tech Giants for Misinformation

Facebook's new rebrand logo Meta is seen on a smartphone in front of displayed logo of Facebook, Messenger, Instagram, WhatsApp, Oculus in this illustration picture taken October 28, 2021. (Reuters)
Facebook's new rebrand logo Meta is seen on a smartphone in front of displayed logo of Facebook, Messenger, Instagram, WhatsApp, Oculus in this illustration picture taken October 28, 2021. (Reuters)
TT

Australia Ditches Plans to Fine Tech Giants for Misinformation

Facebook's new rebrand logo Meta is seen on a smartphone in front of displayed logo of Facebook, Messenger, Instagram, WhatsApp, Oculus in this illustration picture taken October 28, 2021. (Reuters)
Facebook's new rebrand logo Meta is seen on a smartphone in front of displayed logo of Facebook, Messenger, Instagram, WhatsApp, Oculus in this illustration picture taken October 28, 2021. (Reuters)

Australia has ditched plans to fine social media companies if they fail to stem the spread of misinformation, the country's communications minister said Sunday.

The proposed legislation outlined sweeping powers to fine tech companies up to five percent of their yearly turnover if they breached new online safety obligations.

Communications Minister Michelle Rowland said she had dumped the bill after running into significant opposition in the country's senate.

"Based on public statements and engagements with senators, it is clear that there is no pathway to legislate this proposal through the senate," she said in a statement.

The proposed bill notably drew the ire of tech baron Elon Musk, who in September likened the Australian government to "fascists".

Australia has been at the forefront of global efforts to regulate the tech giants.

The government will soon roll out a nationwide social media ban for children under 16.

Social media companies could be fined more than US$30 million if they fail to keep children off their platforms, under separate laws tabled before Australia's parliament on Thursday.