Italian automaker Ferrari (NYSE:RACE) has pushed off plans for its second all-electric model that was due out in 2026, according to Reuters. Sources indicate the second EV model will not be introduced until at least 2028 because of a lack of demand for high-performance luxury EVs.

Ferrari has delayed plans for its second fully-electric model that was due out in 2026 to at least 2028, because of a lack of demand for high-performance luxury EVs, two sources close to the matter told Reuters.

Ferrari has postponed its second fully-electric model launch to 2028 due to soft demand for high-performance luxury EVs. The delay allows further technology development despite low market interest. Other luxury carmakers like Lamborghini and Porsche have similarly adjusted their electric plans amidst consumer hesitation towards electric sports cars.

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