After Ferrari Luce backlash, Lamborghini CEO says canceling its own EV was the right choice

Lamborghini CEO Stephan Winkelmann defended his company's decision to cancel its all-electric vehicle plans and pivot to plug-in hybrid electric vehicles, stating it was "the right way to go" based on observed market demand from luxury car customers. Winkelmann noted that acceptance of EVs among Lamborghini's customer base was not increasing, prompting the shift away from a full-electric vehicle, and emphasized that innovation should not be forced on customers. His comments came after Ferrari's recent unveiling of its all-electric Luce received significant backlash, causing Ferrari's stock to drop following the announcement.