Billionaires Have Rejected Electric Cars. Here’s Why Luxury EVs Are Tanking

The people who can afford anything appear to be choosing something else

A funny thing has happened on the road to electrification. Along the way, someone assumed that the future of luxury motoring would be silent, seamless and battery powered, that the world’s wealthiest buyers would lead the charge into a brave new era of zero-emissions indulgence, and that once the millionaires and billionaires embraced electric cars, the rest of us would naturally follow faithfully in their tyre tracks. It sounded plausible enough. After all, if anyone could afford the latest technology, it would be the people who think nothing of dropping the price of a semi-detached house on a weekend toy.

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Ferrari Luce – The Prancing Horse’s First EV… What The Hell Is This SH!T?!

The new 2027 Ferrari Luce EV has over 1,000bhp, four motors and a £400,000-plus price tag… but has Ferrari completely forgotten how to make a beautiful car?

Ferrari has officially revealed its first fully electric production car, the all-new Ferrari Luce EV, and honestly, I bewildered and apoplectic with rage. This is the company that gave us the Ferrari F40, Testarossa, 288 GTO, Dino, Daytona, 308 and 458 Italia. Cars that looked like rolling works of art. Cars that made grown adults weak at the knees and children plaster posters across bedroom walls. And now… this.

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