2017 Frankfurt Motor Show saw automakers rushing to showcase its electric vehicles concepts as the future heads towards electric mobility. The carmakers are facing electric reality as the future of combustion engine dims. While the mass carmakers are investing and betting big on electric cars, high-end sports car manufacturers like Ferrari and Lamborghini said that the companies have no plans for now to develop a fully electric car. The company’s are working towards hybrid versions of their sports cars. Michael Leiters, chief technology officer at Ferrari, said he could not imagine a fully electric Ferrari sportscar given the current limitations of the technology. A Reuters report quotes him saying “There is a need for more time, more innovation to get the same performance, and, what’s even more challenging, to get the same driving pleasure that we have today,” he told reporters. “Just think of the sound and things like that which are essential for us. For us the first step is hybridization.” Similar comments echoed from the Lamborghini stall by Stefano Domenicali, CEO, Automobili Lamborghini. He said that Lamborghini would invest money and energy in developing hybrids and also seeks to exploit the potential of V10 and V12 naturally aspirated engines.
“I don’t see electric to be an immediate development in the super sportscar segment, but hybridization for sure will come, in the next five years for sure,” Stefano told Reuters.
At least initially, electric vehicles will not be as profitable for the companies as the regular fuel driven cars are. Planned electric Mercedes models is expected to be just half as profitable as conventional alternatives, Daimler warned - forcing the group to find savings by outsourcing more component manufacturing, which may in turn threaten German jobs. Daimler has set a target to save 4 billion euros by 2025 to help itself to fund the cost of developing its electric cars.