MILAN, March 27 (Reuters) – The chief executive of Ferrari (RACE.MI) on Monday welcomed plans to exempt cars that run on e-fuels from the European Union’s planned 2035 phaseout of new combustion engine vehicles.

The decision would give the luxury Italian carmaker “greater freedom on the production scheme,” CEO Benedetto Vigna told a Reuters newsmaker event.

Ferrari, which is renowned for its roaring petrol engines, is already producing plug-in hybrid cars and has promised its first full-electric vehicle for 2025.

Reporting by Lisa Jucca and Giulio Piovaccari; writing by Keith Weir; editing by Alvise Armellini

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