The chief executive of Ferrari 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.