Ferrari’s first electric car sells for $40m

Ferrari's inaugural production electric vehicle, the Luce, fetched a staggering $40 million (£29.5 million) at a recent auction in Monterey, California. Despite receiving mixed reactions to its design and specifications, the 2026 Ferrari Luce "Tailor Made" was sold as the "Chassis 0" of the first production model. The anonymous buyer plans to take possession of the vehicle in the first quarter of 2027.

Ferrari's proceeds from the auction will be directed towards supporting educational programs through the Ferrari Foundation. Known for its exclusive Madreperla Semi-Gloss exterior and Tailor Made interior, the Luce also features a plaque commemorating its status as the first of its kind. Designed by renowned designer Sir Jony Ive, the Luce boasts a 329-mile electric range, a 0-100km/h time of 2.5 seconds, and a maximum power output of 1050 cv.

Equipped with a 122kWh battery, four electric motors, and a unique technical platform, the vehicle's starting price is estimated at €550,000 (approximately £470,000). The auction price of $40 million made the Luce the most notable sale at the event, with a 1996 McLaren F1 GTR coming in second with £34.6 million.