A fully electrified Ferrari isn't something that will be hitting roadways anytime soon. Automotive News reports, citing chairman Sergio Marchionne's comments at an annual meeting, that an EV joining the lineup is not part of its current business plan that runs through 2022.

Previously, Marchionne said there was potential for an EV to be included in the 2018-2022 business plans, but have now been pushed back. This means that the earliest we'll see a full-electric Ferrari is in 2023.

In contrast, Porsche is investing heavily in electric propulsion with the production version of the expected to hit showrooms in 2019, while Tesla claims that a capable of hitting 60 mph in 1.9 seconds is coming for 2020.

Even though Ferrari hasn't quite taken the plunge into EVs, it has been hard at work on beginning with the limited-edition coupe and roadster. Marchionne says additional hybrid-powered vehicles need to be added to the lineup, but the matter of which production models should receive a gas-electric drivetrain continues to be debated within the company's Maranello, Italy, headquarters.

However, what is confirmed is that the first Ferrari series hybrid model will be making its world debut at the 2019 Frankfurt Motor Show.