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Ferrari CEO Sergio Marchionne announced at the Detroit auto show that the company will build an electric supercar to expand Ferrari’s current portfolio, add sports car credibility to electric platforms and fight with Tesla for the EV limelight. While talking to reporters. Marchionne said, “If there is an electric supercar to be built, then Ferrari will be the first.”

Ferrari’s hybrid powertrain technology, developed for hypercars like the LaFerrari, might make building a full battery-powered supercar easier, but it will still have to make up ground fast to be the industry’s first all-electric supercar. Tesla is dangling its ultra-high performance Tesla Roadster in the faces of EV fans, and Croatian automaker Rimac already has the world’s first battery-electric supercar with the Concept One. Of course, its small run and the odd name might make Ferrari’s claims viable if an electric supercar comes quickly.

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Bloomberg notes that Ferrari is edging closer to stricter fuel economy rules with its expansion, which makes electrification more appealing for the company. Ferrari also plans to debut a high-performance SUV late in 2019 or early 2020 that will be the “world’s fastest,” according to Marchionne. It likely won’t be electric.

Marchionne didn’t mention a direct timeline for when he plans for Ferrari to introduce a full EV but noted that he thinks over half the cars sold in 2025 will use alternative powertrains. That might be a good indicator that Ferrari is planning this electric supercar for sooner rather than later.