CEO has opened up about when customers will be able to order the famous brand's first .

The company has not shared much information about the , including what it will be called. However, it is due to be officially revealed to the public in October 2025.

Speaking at the company's 2024 results presentation, Benedetto Vigna, CEO of , highlighted that the is simply the next step in the brand's long history of innovation.

He said: "The will to progress that has always characterised Ferrari has led to innovation in our infrastructure, with the inauguration of the e-building; in our products, best highlighted by the new supercar, the Ferrari F80; and in R&D, with the new E-Cells Lab that will further strengthen our electrochemical knowledge to prepare us for the future.

"It will be an important moment in our history. For the first time, we will have three kinds of traction - ICE, hybrid and electric."

Whilst the electric Ferrari has yet to be revealed, the model has been spotted undergoing testing on Italian roads.

Like most cars being tested ahead of their launch, the Ferrari was covered in a camouflaged wrap, using some panels from the Maserati Levante SUV.

As a result, most of the model is covered up, however it is expected that the Ferrari EV will feature four doors, with some motoring experts predicting a sleek crossover with aggressive styling.

This would put it at a similar stance to the current Ferrari Purosangue, but the EV is set to cost significantly more. One unnamed source told Reuters that the model is set to retail for over €500,000 (£416,000).

Currently, Ferrari has yet to share any details about their upcoming electric model's powertrain. However, it is highly likely that it will feature at least two motors to make it all-wheel drive.

Many have also predicted that the company will also carefully consider the noise it makes, following Lotus and Porsche in enhancing the sound of the motors, rather than replacing it entirely with fake engine noise.

Currently, no supercar company offers a fully-electric crossover, so the upcoming model's fiercest EV rivals will include the Porsche Taycan Turbo S and Audi RS e-tron GT Performance, with Lamborghini currently developing a four-seater electric model.

Whilst the new model gave Ferrari a chance to look toward the future, the company's event also revealed success in 2024, with profits increasing by 12.1% to £2.12 billion.

The number of cars shipped by Ferrari also increased over the 12-month period but only by 0.7% - suggesting that more customers are turning to flagship models like the Purosangue and Roma Spider.

Benedetto Vigna has high hopes that the company will continue to grow in popularity - with the retro-themed 12Cilindri Spider set to launch soon.