Maserati has canceled production of the all-electric MC20 Folgore supercar due to insufficient customer interest.
The Italian automaker confirmed the cancellation shortly after parent company Stellantis announced it was writing off a £1.2 billion investment in Maserati.
The electric MC20 was supposed to be part of Maserati’s lineup of six new EVs planned before 2026. It would have featured the same powertrain as the GranTurismo and GranCabrio Folgore models, with a three-motor setup delivering all-wheel drive and significantly more power than the 621bhp V6 petrol version.
A Maserati spokesperson told EV Powered that the company halted the project after evaluating the limited demand for electric vehicles in the super sports car segment.
The implications for Maserati’s previously announced plan to become fully electric by 2030 remain unclear. The brand recently discontinued its petrol-powered Ghibli, Quattroporte and Levante models, while maintaining both combustion and electric versions of the GranTurismo, GranCabrio and Grecale.
Development of the new Levante and Quattroporte models, scheduled for 2027 and 2028 respectively, continues according to the spokesperson. However, they couldn’t confirm whether these would be pure EVs or offer combustion engine options.
The electric supercar market has proven challenging for manufacturers. While some brands continue developing high-performance EVs, others like Aston Martin have delayed their electric plans, citing customer preference for traditional combustion engines.
