E-BUZZ ME Logo
Electric VehiclesTechnical Deep Dive

Ferrari's First Production Luce EV Sells for $40 Million at Auction

Published
Ferrari's First Production Luce EV Sells for $40 Million at Auction
1 min read118 words

The Gist

The first production Ferrari Luce EV has set a new record for the most expensive new car ever sold at an auction, fetching $40 million at RM Sotheby's Monterey Car Week auction. All proceeds from the sale will be donated to charity through the Ferrari Foundation, despite criticism from reviewers over the car's design and performance.

The first production Ferrari Luce EV has made history by selling for $40 million at RM Sotheby's Monterey Car Week auction, solidifying its position as the most expensive new car ever sold at an auction. This bespoke version of Ferrari's first electric car was uniquely configured through the Ferrari Tailor Made program, allowing the buyer to personalize the vehicle to their liking.

Key Insights

Technical details of the Luce EV include its impressive electric powertrain, which provides exceptional performance and efficiency. With the sale of this vehicle, Ferrari has not only showcased its commitment to innovation but also its dedication to giving back, as all proceeds from the sale will be donated to charity through the Ferrari Foundation.

Related Stories

Semantically matched articles, ranked by topic overlap and freshness.

Tesla Recalls Over 2 Million Cars in China
Electric Vehicles

Tesla Recalls Over 2 Million Cars in China

Tesla has issued a massive recall of over 2 million cars in China to enhance safety features. The recall aims to add driver monitoring to the vehicles, further solidifying the company's commitment to safety.

Ebusco Receives €6 Million Investment from Rhein Holding
Electric Vehicles

Ebusco Receives €6 Million Investment from Rhein Holding

Ebusco, a struggling e-bus manufacturer, has secured a €6 million investment from existing shareholder Rhein Holding, providing a much-needed short-term liquidity boost. The company is also pursuing additional financing and exploring strategic solutions, including a potential sale or joint venture, to ensure its long-term viability.

Voyah Passion S Defies Gravity in Daring Tunnel Stunt
Electric Vehicles

Voyah Passion S Defies Gravity in Daring Tunnel Stunt

Voyah's new eSUV, the Passion S, has completed a spectacular marketing stunt by driving upside-down in a tunnel, showcasing its capabilities. The vehicle features 800-volt technology, a range of up to 740 km, and competitive pricing for the Chinese market.

US Pioneers New Frontier in Grid Battery Safety with First-of-its-Kind Factory
Electric Vehicles

US Pioneers New Frontier in Grid Battery Safety with First-of-its-Kind Factory

A groundbreaking US factory is set to revolutionize grid energy storage by focusing on enhanced battery safety, promising a more reliable and efficient power infrastructure.

Xiaomi's EV Division Posts 2.6 Billion Yuan Loss in Q2 2026
Electric Vehicles

Xiaomi's EV Division Posts 2.6 Billion Yuan Loss in Q2 2026

Xiaomi's EV division recorded an operating loss of 2.6 billion yuan in Q2 2026, despite a 17.1% increase in revenue compared to the same quarter last year. The company's EV business alone accounted for 23.9 billion yuan, marking a 15.9% year-on-year increase, but the division remains unprofitable due to higher costs and lower gross margins.

Nevada Greenlights Thousands of Robotaxis for Tesla, Uber, and Waymo
Electric Vehicles

Nevada Greenlights Thousands of Robotaxis for Tesla, Uber, and Waymo

The Nevada transportation authority has approved Tesla, Uber, and Waymo to operate up to 8,000 robotaxis in Clark County, including Las Vegas. Tesla alone has been approved for up to 5,000 vehicles, with deployment expected within the next twelve months.

Hypercharge Launches Home Charging Rewards Programme
Electric Vehicles

Hypercharge Launches Home Charging Rewards Programme

Hypercharge, a Canadian EV charging firm, has introduced a new home charging programme called Home Club, offering eligible drivers a free Level 2 charger in exchange for participating in a reward scheme. The programme provides installation support and rewards participants with incentives for their home charging sessions.

Walmart's 400 kW EV Charging Network Expands to 100 Stores
Electric Vehicles

Walmart's 400 kW EV Charging Network Expands to 100 Stores

Walmart has reached a milestone in its electric vehicle charging network, with 400 kW charging stations now available at 100 stores. This expansion aims to provide fast and convenient charging options for EV owners across the country.