Ferrari has opted to delay the launch of its second fully electric vehicle from the initial 2026 target to at least 2028, citing insufficient demand for high-performance luxury electric cars. The company's first electric vehicle, priced at an anticipated $500,000 or more, is set to make its global debut next spring. Ferrari believes that this postponement will provide additional time for further technological advancements. In a similar move, Lamborghini, Porsche, and Maserati have also adjusted their electrification strategies in response to demand challenges.