Europe’s electric car mandate is getting torn up, and Ferrari is into it

The most powerful Ferrari ever... is a plug-in hybrid

It seems Ferraris will scream across the Italian countryside for decades to come.

The European Commission agreed Demands from Italy and Germany To allow combustion engines to continue to be manufactured as long as they run on carbon-neutral electronic fuel.

Europe was due to ban the sale of new cars with combustion engines in 2035, but will now rewrite the regulations to issue an exemption.

E-fuels are made from carbon sequestered from the atmosphere and combined with water to create a combustible fuel that works like gasoline or diesel and emits only as much carbon when burned as was used to make it.

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Ferrari Purosangue SUV is powered by a V12 combustion engine.

Ferrari Purosangue SUV is powered by a V12 combustion engine. (Ferrari)

When produced using zero emissions energy, such as wind or solar power, the fuel contributes no additional greenhouse gases.

Porsche is among the companies which invested in technology and showed off one of its petrol-powered 911 sports cars powered by fuel produced at a wind-powered plant in Chile.

Ferrari Purosangue is a four-door SUV.

Ferrari Purosangue is a four-door SUV. (Ferrari)

The current production cost at the pilot plant is $45 per gallon, but Porsche expects that to drop to $8 by 2026, putting it close to gasoline in Europe.

Ferrari SF90 Stradale is a 986-horsepower hybrid engine with a V8 petrol engine.

Ferrari SF90 Stradale is a 986-horsepower hybrid engine with a V8 petrol engine. (Ferrari)

Ferrari CEO Benedetto Vigna told a Reuters press event on Monday that the company still plans to electrify 80% of its range by 2030, but the rule change opens up new opportunities.

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“The good news for us as a company … is that in addition to electric vehicles, we will also be able to move forward with our own internal combustion engines,” said Vigna. “We don’t want to tell customers which cars to use. We want to offer them three types of propulsion – hybrid, electric and ICE – and they will choose that.”

Porsche has invested in an e-fuel pilot plant in Chile.

Porsche has invested in an e-fuel pilot plant in Chile. (Porsche)

Italian rival exotic sports car maker Lamborghini, a sister company to Porsche as part of the Volkswagen Group, is about to start transitioning all of its models to hybrid powertrains, but has no current plans to offer an electric car.

CEO Stefan Winkelmann Customers of the brand enjoy the sound and performance of the combustion engine, he said, as synthetic fuels could be one way to keep them alive.

A hybrid replacement for the Aventador that uses a V12 engine is scheduled to be unveiled on March 29, and it’s already sold out.

The next Lamborghini model will be the V12 hybrid.

The next Lamborghini model will be the V12 hybrid. (Lamborghini)

“We already have an 18-19 month waiting period for a new car,” he said. Winkelman told FOX Business.

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“We sell more cars than we can produce.”

Italy is also pushing for an exemption for biofuels such as ethanol and biodiesel, but the committee has not yet determined whether they will be included in the updated regulations.

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