The Ferrari amendment, which was adopted by the Council of the European Union on June 29th, is set to provide luxury car manufacturers with lower production levels an extended deadline for the ban on the sale of thermal and hybrid cars from 2035. This amendment is a part of the European ecological plan known as “Fit for 55,” which has been a hot topic in the automotive industry for several months. The 27 member states of the European Council have implemented measures that outline the framework for the “Fit for 55” operation. As part of these measures, car manufacturers are required to reduce CO2 emissions by 55% for new cars and 50% for vans by 2030. Additionally, starting from 2035, only 100% electric vehicles will be allowed for production and sale by brands. However, there are provisions for the use of synthetic fuels or plug-in hybrid powertrains upon request from select countries.
The luxury sector is specifically addressed in one of the texts dedicated to the automotive industry. Influenced by Italy and automotive lobbyists, this section acknowledges the unique technical and technological characteristics of hyper-powerful luxury models. The Ferrari amendment grants a longer deadline to manufacturers producing between 1,000 and 10,000 cars per year. Premium car manufacturers, such as McLaren, Lamborghini, and Bugatti, will have until January 1, 2036, to introduce a new electric-only range, giving them an additional year compared to other brands. They will also be exempt from the intermediate measure of a 55% reduction in CO2 emissions for new units by 2030.
The exemption affects well-known luxury car manufacturers, including McLaren, which sold 2,138 units in 2021, Lamborghini with 8,405 cars sold, and Bugatti, which delivered 150 supercars. Ferrari, the namesake of the amendment, experienced a 22.3% increase in sales volume, selling 11,155 vehicles in 2021 compared to the previous year. Lamborghini is planning to introduce its first hybrid model in 2023 and aims to electrify its entire portfolio by 2024. Bugatti, on the other hand, is focused on development following its recent merger with Rimac. There are also rumors suggesting that McLaren, already offering hybrid vehicles, is on track to produce its first all-electric SUV by the end of the decade.
For more information on the Ferrari amendment and the “Fit for 55” plan, please visit the following links:
1. Link 1
2. Link 2
