Ferrari's First Electric Car: The Luce, Explained
Source: Ferrari
Ferrari's first fully electric car is the Luce, revealed in May 2026 at around £545,000 (a US launch price of $640,000), with customer deliveries due in the fourth quarter of 2026. It is a four-door, five-seat car built on a dedicated electric platform at Maranello, with a 122 kWh battery, 329 miles of WLTP range and four motors producing up to 1,035 hp. The car most people searched for as the “Ferrari Elettrica” now has a name, a price and a confirmed specification.
This is a significant moment for the segment, and also a useful prompt for a more practical question. Ferrari has built a halo car, not a company car. For UK drivers who want electric performance they can actually fund, the more relevant route is an electric car salary sacrifice scheme, which brings cars like the Porsche Taycan within reach at a 4% Benefit-in-Kind rate. We cover both below: what Ferrari has actually launched, and what the rest of us can drive instead.
What changed: the Luce is real, and the rumours are settled
Until late May 2026, the explainer on this page described a car that did not yet exist. Ferrari had confirmed it was building an EV but had revealed almost nothing, and the internet filled the gap with estimates. The reveal cleared most of that up.
The headline figures are now confirmed rather than rumoured. The car is called the Luce. It is a four-door, five-seater, which breaks decisively with Ferrari's two-door sports car heritage and follows the four-door Purosangue SUV in widening what a Ferrari can be. The exterior and interior were shaped in collaboration with LoveFrom, the design collective founded by Jony Ive and Marc Newson, working alongside Ferrari's own teams. Pricing starts at €550,000 in Europe and $640,000 in the US, which lands at roughly £545,000 once converted, though Ferrari has not yet published a confirmed UK on-the-road figure. Treat the sterling price as indicative until UK pricing is officially announced.
Ferrari Luce: confirmed specifications
The table below sets out the Luce's confirmed specification as revealed by Ferrari. Where a figure has not been officially published for the UK, that is noted.
| Specification | Ferrari Luce |
|---|---|
| Price (launch) | ~£545,000 (€550,000 / $640,000); UK OTR not yet confirmed |
| Battery | 122 kWh total (around 112 kWh usable), SK On pouch cells |
| Range (WLTP) | 329 miles (530 km) |
| Power | Up to 772 kW (1,035 hp) and 730 lb-ft of torque |
| Motors | Four (one per wheel), all-wheel drive |
| 0-100 km/h | 2.5 seconds |
| 0-200 km/h | 6.8 seconds |
| Top speed | Over 193 mph (310 km/h) |
| Charging | Up to 350 kW on an 800-volt charger; 70 kWh in around 20 minutes |
| Body | Four-door, five-seat; dedicated EV platform, built in Maranello |
| Deliveries | Q4 2026 |
A few things stand out. The 122 kWh battery is large by any 2026 standard, yet the 329-mile range sits only mid-table for the class, which tells you how much energy four motors and 1,035 hp consume. The 2.5-second 0-100 km/h time is genuinely quick, though as the comparison below shows, it is not untouchable. And the in-house powertrain, built entirely at Maranello, is Ferrari's argument that the car will hold its value because the company can support repairs for the long term.
The launch also confirmed a softer EV roadmap. Ferrari has shifted its 2030 target from an even electric-hybrid-petrol split towards 40% combustion, 40% hybrid and 20% electric, a reflection of cooler premium-EV demand. The Luce is a statement of capability at the top of the range rather than the start of a full electric transition.
Could you salary sacrifice a Ferrari Luce?
In short, no. At around £545,000 the Luce sits in the same bracket as a Rolls-Royce Spectre, and a salary sacrifice scheme is funded out of gross salary through monthly deductions. No realistic UK salary, basic-rate or additional-rate, supports a £545,000 car this way. The Luce is a cash purchase measured in waiting lists, not monthly figures.
That is not the end of the story, though. The reason the Luce matters for ordinary drivers is what it confirms about the cars beneath it. Electric performance has arrived at the very top of the market, and the same instant-torque appeal is already available much further down, at prices that work through an employer scheme.
As Thom Groot, Co-founder and CEO of The Electric Car Scheme, puts it: “A £545,000 Ferrari isn't going through a salary sacrifice scheme any time soon, and that's fine, the Luce is a halo car. What it does brilliantly is remind people that electric performance has arrived at the very top. The good news for everyone else is that the same instant-torque appeal is already available, and at 4% benefit-in-kind for 2026/27 a Porsche Taycan or a Polestar through salary sacrifice is genuinely within reach.”
Performance EVs you can actually salary sacrifice
If the Luce is the dream, these are the cars you can put on the driveway through your employer. There is a full breakdown of how the Luce compares with the Taycan, Cyberster and GranCabrio on the numbers, but here is the short version for anyone whose interest is practical rather than aspirational.
The Porsche Taycan is the obvious benchmark. The entry rear-wheel-drive car starts at £88,265, offers up to 421 miles of official combined range, and reaches 62 mph in 4.8 seconds. The base trim sits within reach of a salary sacrifice scheme for higher and additional-rate earners, and at the 4% Benefit-in-Kind rate for 2026/27 the gross-salary deduction is far more tax-efficient than a personal contract hire.
The MG Cyberster is the genuine wildcard. The Trophy opens at £54,995 with 316 miles of WLTP range, and the GT dual-motor reaches 62 mph in 3.2 seconds, within a tenth of the Maserati GranCabrio Folgore and not far off the Luce itself. It is the only two-seat roadster of the group priced for a mainstream salary sacrifice budget. For an open-top alternative, the Polestar range and the Maserati sit further up the price ladder, with the GranCabrio Folgore technically fundable but rarely practical at £185,610.
These are the cars worth a closer look on the performance EVs you can actually salary sacrifice shortlist, which spans every budget rather than just the six-figure end.
Why salary sacrifice is the route in
Salary sacrifice works because the car is paid for out of gross salary, before Income Tax and National Insurance are deducted, in exchange for a low Benefit-in-Kind charge on the car itself. For pure EVs that charge is 4% for the 2026/27 tax year, rising gradually to 5% in 2027/28 and capping at 9% in 2029/30. That low rate is what lets UK employees save between 20% and 50% on the cost of an electric car, depending on their tax band, with basic-rate earners at the lower end and additional-rate earners above £125,140 at the top.
Be wary of any provider headlining savings above 50%. Figures like 60% usually fold the employer's National Insurance saving into the employee's headline number, which compares two different things. The honest range for an employee is 20-50%.
The Electric Car Scheme funds new and used EVs across every price band, sourcing prices from multiple UK leasing partners so the cost is set by competition rather than a single funder. Every scheme includes Complete Employer Protection from day one, covering resignation, redundancy, long-term illness and parental leave with no three-month exclusion period, which is the cover most other providers only begin after the first quarter of a lease. The scheme is rated 4.9/5 on Trustpilot from more than 1,000 reviews, with 97% of customers recommending it, the highest in its UK peer set.
Frequently asked questions
What is Ferrari's first electric car called? Ferrari's first fully electric car is the Luce, revealed in May 2026. It is a four-door, five-seat model built on a dedicated EV platform at Maranello, and the car widely referred to before launch as the “Ferrari Elettrica”.
How much does the Ferrari Luce cost? The Luce launched at €550,000 in Europe and $640,000 in the US, which converts to roughly £545,000. Ferrari has not yet confirmed a UK on-the-road price, so treat the sterling figure as indicative.
What is the Ferrari Luce's range? Ferrari quotes 329 miles (530 km) on the WLTP cycle from a 122 kWh battery, with charging at up to 350 kW on an 800-volt charger.
Can you salary sacrifice a Ferrari? No. At around £545,000 the Luce is far outside salary sacrifice territory. Performance EVs such as the Porsche Taycan and MG Cyberster are within reach of a salary sacrifice scheme, with pure-EV Benefit-in-Kind at 4% for 2026/27.
Ready to salary sacrifice a Ferrari Luce? Come back soon
In the meantime - a Porsche Taycan or an MG Cyberster delivers genuine performance at a fraction of the cost, and through a salary sacrifice scheme at 4% Benefit-in-Kind, the net monthly figure is lower than most people expect. Indeed - the Porsche Taycan, Porsche Macan, MG Cyberster, and the Maserati Grancabrio are currently available at The Electric Car Scheme.
Build your quote on a Taycan or a Cyberster to see what either costs net of Income Tax and National Insurance under the 2026/27 rules, or browse the performance EVs you can actually salary sacrifice for options across every budget.
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Last updated: 09/06/2026
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