Ferrari will make available its first fully electric model after 2025, with battery technology still requiring more development, Chief Executive Louis Camilleri said.

Ferrari has previously said a fully electric vehicle would be launched after the current industrial plan ends in 2022.

Camilleri said Ferrari will stick to hybrid vehicles for the “current foreseeable future”.

“My sense is the electric will come out after 2025. The battery technology is not where it should be yet,” he told reporters in embargoed comments made during a lunch on Wednesday in the Centro Stile at Ferrari’s Maranello factory.

“There are still significant issues in terms of autonomy, in terms of speed of recharging. So eventually we will come out with one. But it’s post-2025. Not in the short term,” he added.