Ferrari Unveils its First Electric Vehicle Model

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Ferrari has officially entered a new chapter in its history after unveiling its first fully electric vehicle, the Luce. The luxury sports car company revealed the new model in Rome, marking a major shift for one of the world’s most famous car brands. Known for powerful gasoline engines and high-performance supercars, Ferrari is now joining the growing electric vehicle market while still trying to maintain the style and performance that made the brand popular worldwide.

For motorists who may not afford the steep price of the Luce, other EV makers like Lucid Motors (NASDAQ: LCID) have luxury EVs that are priced lower and could address their…

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