E-fuel cars don’t compromise carbon goals: Ferrari CEO Benedetto Vigna

"We thought this (EU decision) was happening in 2025 or 2026, it has happened two years before and this is very good for us, because you can run a thermal car with a fuel that is (carbon) neutral," Vigna said.

E-fuels are made by synthesizing captured CO2 emissions and hydrogen produced using renewable or CO2-free electricity.

Ferrari, renowned for its powerful petrol engines, is already producing plug-in hybrid cars and has promised its first full-electric vehicle for 2025. However, it has never provided a roadmap for going all-electric.

Presenting its business plan last year, Ferrari said fully-electric and hybrid models would make up 80% of those in its range by 2030, while 20% would still be powered by internal combustion engines.

Vigna on Tuesday also reiterated Ferrari, which sold over 13,200 cars in 2022, had no plans to widely expand production despite recently reopening orders for its new four-door, four-seater model Purosangue, for which requests were much higher than expected.

"We don't want to make 50-60% of our volumes with just one model," he said.

"When you are on the road and you see the same kind of car too often in a day, our eyes get used to it ... you don't perceive any more desirability".