Ferrari certainly makes some of the world's most spectacular automotive machinery.

But No Ferrari Will Be Pure Electric

But No Ferrari Will Be Pure Electric

And its latest extreme hypercar, the LaFerrari, is on the cutting-edge of hybrid technology.

So, is an electric vehicle to follow?

Absolutely not, says Ferrari chairman Luca di Montezemolo.

Just days ago, di Montezemolo made it clear that Ferrari will never manufacture a vehicle without a gasoline engine.  At least not while he's still at the helm.

"We will never manufacture an electric car as long as I'm chairman."

That doesn't rule out a plug-in hybrid Ferrari, perhaps similar to the McLaren P1, but a pure electric Ferrari ain't coming anytime soon.  Looks like Tesla's competition in the high-end, ultra-performance electric category will be incredibly slim.