From horsepower to battery power, Ferrari is joining the growing ranks of green carmakers by launching its first hybrid vehicle at the end of the year.
The Italian firm, one of the most elite names in motoring, indicated that one of its glitziest products, the Enzo, will be released in a hybrid version.
“At the end of the year, we’ll also be unveiling the new Enzo, a limited series model and our first ever hybrid car,” said Ferrari's chairman, Luca di Montezemolo.
According to reports on Monday, the price will probably exceed the ¤660,000 cost of the Enzo and will be the carmaker’s most powerful model — combining two electric motors with a 12-cylinder gas engine, allowing for a 40% cut in fuel use and bringing down emissions.
Average new car emissions in Europe are 138g of carbon dioxide per km, but the European Union has set a target of 95g per km by 2020. There are, however, exceptions for niche manufacturers such as Ferrari.
In general, cars are getting greener. A recent report by the London-based Society of Motor Manufacturers and Traders said a new car now emits 28% less carbon dioxide than a new car 15 years ago.
Along the way to meeting stiff benchmarks, the UK market for electric vehicles and plug-in hybrids is expected to grow from the present 1% of sales to 16% by 2020.