Maserati Cancels MC20 Folgore Electric Supercar

Maserati has officially canceled the MC20 Folgore, its all-electric super sportscar. A company spokesman confirmed the news, citing insufficient demand for electric supercars as the primary reason for the decision. Originally, the MC20 Folgore was one of six electric models Maserati planned to launch next year, promising incredible power and a design closely aligned with the current MC20 powered by the twin-turbo Nettuno V6 engine.

The cancellation follows Stellantis’ decision to halt an investment of approximately €1.95 billion (about $2.1 billion) in Maserati. Stellantis partially attributed this move to a sharp decline in sales in China — Maserati’s second-largest market after the United States. Stellantis CFO Doug Ostermann explained the company’s cautious approach: “We have to consider the dynamics of that business, especially in the Chinese market, and our expectations about the speed with which that luxury market will adopt electrification.”

Maserati’s sales have been struggling, dropping by more than 50% last year to just 14,690 units. This decline led to a significant financial loss of €338 million ($365 million USD), a sharp contrast to the €182 million ($197 million USD) profit recorded in 2023.

Instead of moving forward with the MC20 Folgore, Maserati is shifting focus to a comprehensive upgrade of the current MC20. This enhanced version is expected to take cues from the newly developed MC20 GT2 Road, boasting a 10 horsepower increase (bringing total output to 694 horsepower), a weight reduction of 78 kg (172 lbs), and a chassis optimized for track performance.

The decision to pull the plug on the MC20 Folgore raises questions about Maserati’s long-term electrification strategy. The brand had previously planned to phase out internal combustion engine (ICE) cars by 2030, but with this shift, that timeline could be reconsidered. It also casts doubt on the future of upcoming models like the next-generation Levante SUV, slated for 2027, and the delayed Quattroporte sedan, now expected in 2028.