Ferrari, on Tuesday, presented its first-ever fully electric car to Italy's president and Pope Leo XIV. Yet it's still waiting for the ultimate approval from someone less high-profile: the consumer.The Italian automaker unveiled the all-new Luce EV on Monday — even as other luxury competitors dial back ambitious electrification plans amid waning demand in some markets around the world. The roll-out has been met with scepticism by the markets and auto critics.

As its sports car rivals tap the brakes on a shift to EVs, Ferrari is leaping into an uncertain era with the launch of its first fully electric car,...

The Italian supercar giant has released images of what will be both its first ever pure EV, and its first car that can seat five people. The Luce eyes a younger clientele and the…