Ferrari's stance on EU's electric car mandate and e-fuels deal
The European Commission has agreed to allow combustion engines to continue to be made as long as they run on carbon-neutral e-fuel, which is made from carbon sequestered from the atmosphere and combined with water to create combustible fuels that emit only as much carbon when burned as was used to make them. Ferrari CEO Benedetto Vigna said the company still plans to electrify 80% of its lineup by 2030, but the rule change opens up new opportunities. Rival Italian exotic sports carmaker Lamborghini is about to begin transitioning all of its models to hybrid powertrains, but has no current plans to offer an electric car.