• 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
Thursday, July 10, 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

Why Volkswagen, Volvo, Toyota recall nearly 7,000 vehicles in South Africa

Porsche absorbs $351m tariff costs to shield U.S. buyers from price hikes

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

Vehicle recalls in South Africa
Africa

Why Volkswagen, Volvo, Toyota recall nearly 7,000 vehicles in South Africa

July 10, 2025
Porsche 911 by Singer
News

Porsche absorbs $351m tariff costs to shield U.S. buyers from price hikes

July 10, 2025
Lucid Motors
Electric Vehicles

Lucid sets new Guinness Record with 747-mile drive, leaving Tesla in the dust

July 10, 2025
Electric rush: American car buyers race to beat end of $7,500 EV tax credit
Electric Vehicles

Electric rush: American car buyers race to beat end of $7,500 EV tax credit

July 10, 2025
Christian Horner, sacked Red Bull team principal
News

End of an era: Why Red Bull sacked team principal Horner after 20 years, 124 wins

July 9, 2025
The automaker power shift: Who’s winning the U.S. market so far in 2025?
Business

The automaker power shift: Who’s winning the U.S. market so far in 2025?

July 9, 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

Lamborghini Revuelto Lamborghini Revuelto Opera Unica

Lamborghini’s one-off ‘Opera Unica’ is a cosmic tribute with 1,000 horsepower

November 13, 2024
Innocent Ifediaso Chukwuma, founder, Innoson Vehicle Manufacturing

Innonson Motors: How CEO moved from selling spare parts to manufacturing cars

July 30, 2023
electric vehicles (EVs)

High fuel prices, tech innovations drive Americans toward electric vehicles

February 11, 2025
Honda shares

Top Japanese Insurers to sell off Honda shares worth $3.1bn

July 2, 2024

About

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

Follow us

Recent Posts

  • Why Volkswagen, Volvo, Toyota recall nearly 7,000 vehicles in South Africa
  • Porsche absorbs $351m tariff costs to shield U.S. buyers from price hikes
  • Lucid sets new Guinness Record with 747-mile drive, leaving Tesla in the dust
  • Electric rush: American car buyers race to beat end of $7,500 EV tax credit

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