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Ferrari's first EV to cost over $500K: report

Italian luxury automaker Ferrari is planning to make its first electric vehicle, which will come with a price tag that's more than $500,000, according to a report by Reuters.

See it: Porsche unveils new 911 hybrid

Luxury German automaker Porsche unveiled the new 911 hybrid, which is the first street-legal version of the sports car to feature a hybrid powertrain called the T-Hybrid system.