Maserati Cancels The Electric MC20 Folgore Before It Was Even Revealed Because Nobody Wanted It
Three years later and reality has set in. EV sales have slowed, multiple automakers have changed plans by canceling EVs completely or scaling back goals in favor of developing hybrids. Only three of Maserati's Folgore EVs came to market: The Grecale, the GranTurismo and the GranCabrio, all electric versions of existing gas-powered cars. The Quattroporte Folgore has been delayed, and neither of the all-new models have been shown. And now we have confirmation that another one of those planned Folgore models will never see the light of day. The Folgore version of the MC20 supercar, which was first announced back in 2020, has been canceled before it was even revealed due to an unfortunate combination lack of demand and financial troubles.
Read more: Porsche Taycan Turbos Have Lost Up To $100,000 Value In 4 Years
The UK's Autocar broke the news about the cancellation of Maserati's electric supercar. Maserati's worldwide sales dropped over 57 percent in 2024, going from 26,600 cars moved in 2023 to 11,300 units last year. As a result, Stellantis wrote off a planned £1.2-billion investment in the brand, which put the future of those Folgore models in jeopardy. While some of the other models may just be on hold, Maserati confirmed to Autocar that the MC20 Folgore is canceled, and it's due to lack of demand. Apparently not many people want an electric supercar, even fewer want one from Maserati.
MC20 sales as a whole haven't been great. Sure, it's a six-figure supercar, but dealers seem to be struggling to move them. Many dealers have slashed thousands off the sticker prices of MC20s in their inventories, many of which are one to two models years old.
In place of the electric MC20, Autocar says that Maserati will just make the gas version of the supercar better. Using lessons learned from the GT2 Stradale, the regular MC20 will get heavily updated, which should give the car more power from its 621-horsepower twin-turbo V6.
Maserati's recent financial troubles aren't just affecting the brand's EV plans — the future of some of Maserati's other models is in doubt now too. The next generation of the Levante SUV, a model that's been around with few major updates since its 2017 introduction, is supposedly coming in 2027 if plans still pan out. The next generation of the Quattroporte, which the Ghibli died for, was due out this year but has been delayed until 2028.
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The company offers collections through its retail galleries, sourcebooks and online at and FORWARD-LOOKING STATEMENTS This release contains forward-looking statements within the meaning of the federal securities laws, including statements regarding the following: RH Montreal being an immersive retail experience that seamlessly integrates RH's luxury home furnishing collections with rare art, antiques and artifacts from across the globe; the Rooftop Restaurant & Park offering a thoughtfully curated menu of enduring classics featuring the freshest ingredients, simply and elegantly prepared; the RH Interior Design Atelier offering clients an unprecedented level of professional design services; and any statements or assumptions underlying any of the foregoing, and similar statements. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. We cannot assure you that future developments affecting us will be those that we have anticipated. Important risks and uncertainties that could cause actual results to differ materially from our expectations include, among others, risks related to civil unrest; risks related to general economic conditions and the housing market as well as the impact of economic conditions on consumer confidence and spending; changes in customer demand for our products; our ability to anticipate consumer preferences and buying trends; consumer spending based on weather and other conditions beyond our control; risks related to the number of new business initiatives we are undertaking; our ability to obtain our products in a timely fashion or in the quantities required; risks related to our sourcing and supply chain including our dependence on imported products produced by foreign manufacturers and risks related to importation of such products, as well as those risks and uncertainties disclosed under the sections entitled 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in RH's most recent Form 10-K and Forms 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on our investor relations website at and on the SEC website at Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. 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