The launch of Ferrari Luce comes even in the midst of its rivals Lamborghini and Porsche scaling back on EV plans on account of poor demand and competition from Chinese brands such as BYD

After years of anticipation, Ferrari has finally entered the electric era with the launch of the Luce, a radical five-seater EV designed with former Apple design chief Jony Ive’s agency. The luxury car has already divided opinion online,

Ferrari NV shares fell almost 8% after critics panned the look of its first fully electric vehicle, a setback for the Italian super-car maker’s controversial push into EVs.