• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Friday, August 29, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home News

Maserati Cancels Its All-Electric MC20 Folgore Supercar Due to Low Demand

Michael Olabode Williams by Michael Olabode Williams
March 8, 2025
in News, Premium
0
Maserati Cancels Its All-Electric MC20 Folgore Supercar Due to Low Demand
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

Maserati has officially scrapped plans for the MC20 Folgore, an all-electric supercar that had been in development for the past five years. Initially announced in 2020, the MC20 Folgore was expected to debut in 2025 as part of the luxury automaker’s transition toward an all-electric lineup. However, citing weak market demand, Maserati has decided to discontinue the project.

The MC20 Folgore was designed to be a high-performance EV, featuring three electric motors capable of delivering 700 horsepower. It was intended to be the crown jewel of Maserati’s electric transformation, alongside models like the GranTurismo Folgore, Grecale Folgore, and GranCabrio Folgore. The company had previously emphasized that these models would define its future in the electric vehicle market, aiming for full electrification by 2030.

READ ALSO

India’s ethanol fuel drive faces backlash as motorists fear car damage

Blume to quit Porsche CEO role amid investor pressure, shares fall 45% since IPO

Despite these ambitions, Maserati revealed in a statement to Car and Driver that the decision to cancel the MC20 Folgore stemmed from customer preferences. The brand’s research indicated that supercar buyers remain strongly inclined toward traditional internal combustion engines and are not yet ready to transition to battery-powered vehicles.

Instead of pushing forward with the electric supercar, Maserati will now focus on refreshing its internal combustion engine MC20. The current model is powered by a 3.0-liter V-6 engine that produces 621 horsepower, and upcoming updates may see a slight performance boost. Reports suggest that Maserati engineers have already managed to extract an additional 10 horsepower in a GT2 Stradale version.

The cancellation of the MC20 Folgore raises concerns about Maserati’s broader electrification strategy. The brand had previously committed to electrifying its entire lineup—either through hybrid or fully electric models—by 2028. However, this decision casts doubt on the feasibility of that timeline. It also signals potential setbacks for other electric models, such as the planned electric version of the Levante SUV.

Further complicating Maserati’s situation is the recent $1.6 billion write-off by its parent company, Stellantis. A significant portion of this investment was dedicated to EV development, and sluggish sales in China have only added to Maserati’s financial challenges. While the automaker remains committed to an electric future, it appears that the journey may be more complex and uncertain than initially anticipated.

Related Posts

E20 Fuel in Indai
Cars/SUVs

India’s ethanol fuel drive faces backlash as motorists fear car damage

August 29, 2025
How Oliver Blume rose to the top from Audi trainee to Porsche CEO
Business

Blume to quit Porsche CEO role amid investor pressure, shares fall 45% since IPO

August 27, 2025
electric vehicle training
Africa

Nigeria opens new auto training center in Lagos to drive electric vehicle growth

August 27, 2025
Stellantis
Cars/SUVs

Stellantis has paid $773m in fuel economy penalties since 2018

August 27, 2025
Mercedes-Benz has sold its entire stake in Nissan Motor
Cars/SUVs

Mercedes-Benz exits Nissan stake in $325m sale, piling pressure on Japanese carmaker

August 26, 2025
Suzuki to invest $8bn into India as first EV rolls off Gujarat plant
Electric Vehicles

Suzuki to invest $8bn into India as first EV rolls off Gujarat plant

August 26, 2025
Next Post
Audi unveils new A6 Avant in Europe, comes with enhanced performance, luxury

Audi unveils new A6 Avant in Europe, comes with enhanced performance, luxury

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

Vehicle imports to Nigeria

Naira depreciation causes 60.8% decline in vehicle imports in H1 2024

July 28, 2024
General Motors

General Motors leads U.S. auto sales with strong Q2 performance

July 22, 2023
MellowVans

MellowVans’ journey from Stellenbosch to Europe

November 19, 2024
Tesla Factory in Germany

Tesla set to lay off 15,000 employees, over 10% of global workforce

April 15, 2024

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • India’s ethanol fuel drive faces backlash as motorists fear car damage
  • The last Samurai: Nissan ends GT-R R35 production after 18 years
  • Blume to quit Porsche CEO role amid investor pressure, shares fall 45% since IPO
  • Nigeria opens new auto training center in Lagos to drive electric vehicle growth

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In