Ferrari will make an electric supercar (and an SUV)

Ferrari will build a battery-electric supercar in a bid to challenge Tesla for a piece of the high-end, eco-conscious luxury market. CEO Sergio Marchionne, who also heads Fiat Chrysler, said that the Italian racecar company would also make a Ferrari SUV — after previously dismissing the idea as ridiculous.

Speaking at the North American International Auto Show in Detroit, Marchionne didn’t offer any specifics on the electric Ferrari, but indicated the company would release it before the Tesla Roadster hits the road in 2020.

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