Ferrari due to unveil first EV, as luxury electric car market grows

Ferrari is set to unveil its first electric vehicle, the Luce, priced at nearly $600,000, signaling a strategic shift for the luxury automaker. Meanwhile, China’s JAC Group launched the Maextro, a $173,000 luxury EV positioned as a competitor to Rolls-Royce, reflecting growing demand for high-end electric vehicles in emerging markets.