global
Ferrari's First Electric Car Sells for Record $40 Million at Auction
Just the facts
Ferrari's inaugural electric vehicle, titled the Luce, sold for $40 million at an auction, setting a record price for a new electric car. The auction attracted international collector interest following the manufacturer's announcement of its shift toward electric powertrains. The vehicle features a departure from Ferrari's historic internal combustion engine design language, sparking widespread discussion among automotive analysts and collectors. Proceeds and auction metrics were published by the host house following the completion of bidding.
Why this is news
Car manufacturer Ferrari presented its first fully electric vehicle model, named the Luce, at a public auction event. Bidders competed for ownership of the initial production unit.
Sources
This summary is compiled strictly from the original reporting below.