The 488 Challenge Evo is a 2020 aerodynamic evolution of the 488 Challenge for Ferrari's one-make series, unveiled at the 2019 World Finals at Mugello. Mechanically it carries over the 488 Challenge underneath, but the Styling Centre reworked the front end to be about 30 percent more aerodynamically efficient, and the car as a whole makes roughly 50 percent more downforce than the outgoing 488 Challenge.

A series first is that front downforce can be adjusted independently of the rear, letting a driver rebalance the aero without changing ride height. Like the Challenge, it is not road legal and exists to race in the Ferrari Challenge championship.