Italian carmaker Ferrari, one of the world’s most iconic and recognisable brands, unveiled local pricing for its new 849 Testarossa plug-in hybrid electric vehicle (PHEV), which will start from just shy of …. $1 million.
The new Ferrari 849 Testarossa was officially launched in Milan in early September but got the full royal treatment at a gala reveal in Sydney over the weekend.
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Available in two models, the Coupe and the Spider, the Ferrari 849 Testarossa is expected to arrive in Australian showrooms in the first half of 2027 and will be priced from $932,648, before on-road costs.
The top-of-the-line Spider, on the other hand, will start from $1,015,589 before on-road costs.
The 849 Testarossa boasts three electric motors alongside a mid-rear twin turbo V8 and delivers a total of 1,050 horsepower.
With a maximum speed of 330km/h, the new berlinetta Ferrari can accelerate from 0-100km/h in just 2.3 seconds, and to 200km/h in 6.35 seconds.
However, thanks to only a 7.45 kilowatt-hour (kWh) lithium-ion battery, the car’s electric-only range is only 25 kilometres – though, one assumes that it wasn’t made for electric-only jaunts around the countryside. Similarly, in “eDrive” mode, the Testarossa PHEV only offers maximum power of 163 horsepower.

The internal combustion engine, on the other hand, boasts maximum power of 830 horsepower at 7,500rpm, and maximum torque of 842Nm at 6,500rpm.
For more on the Ferrari 849, Ferrari Magazine editor Ben Barry had a lot to say here and in the video below.
YouTube embed: https://www.youtube.com/watch?v=pQCRu_gHEDQ
Joshua S. Hill is a Melbourne-based journalist who has been writing about climate change, clean technology, and electric vehicles for over 15 years. He has been reporting on electric vehicles and clean technologies for Renew Economy and The Driven since 2012. His preferred mode of transport is his feet.
