Photo Courtesy: Autorepublika.Ferrari recently drove into uncharted territory by unveiling its first all-electric car, the Luce. However, the Italian marque faced backlash for it, with the effects being seen even in its stock prices.The supercar brand was a symbol for petrolheads, a place where they could take pride in internal combustion engines. However, that image was challenged after the Luce was unveiled, as its design did not resonate with many enthusiasts.As an unconventional Ferrari, the Luce has been difficult for many enthusiasts to accept. However, Ferrari CEO Benedetto Vigna revealed the real reason why Ferrari built an EV, while brands like Lamborghini and Porsche moved away from electrification.AdvertisementAdvertisementVigna also revealed one type of car Ferrari would strictly never build, and it is not a hybrid. What Happened After the Luce's Unveiling?Photo Courtesy: Autorepublika.Guessing Headlights reported how Ferrari's shares dropped by over 6% when the markets opened after the Luce's official unveiling, nosediving to £250 ($336) in no time. Hours later, the value struck a low of £245 ($329).The drop erased roughly £4 billion ($5.38 billion) in value overnight, pushing Ferrari's valuation back to where it was about five days earlier. Ferrari's former president, Luca Cordero di Montezemolo, expressed his dissatisfaction with the Luce, saying the Prancing Horse should not be present on the Luce. He said:"If I were to say what I really think, it would be unpleasant, so l prefer not to comment. I just hope someone removes the Prancing Horse from that car. We risk destroying a legend, which saddens me greatly. At least this is a car the Chinese won't copy." [Translated text]AdvertisementAdvertisementPriced at around $640,000, the Luce produces 1,049 hp with a top speed exceeding 193 mph. While the performance figures are supercar-level, the car's aesthetics and its electric powertrain have been a turn-off for many.Ferrari CEO Confirms Future EV RouteAccording to Drive.com.au, Vigna revealed Ferrari's future powertrain strategy for the future, emphasizing that Ferrari remains committed to making EVs. He said:"We have IC (internal combustion), we have the hybrid, and we have the electric. Full stop. Then the client can pick up whatever they want."There are clients that are telling us, 'I will become your client if and only if you have an electric traction car. Otherwise, I will not take an IC because I have to be consistent with the messaging that I'm giving to my son and my daughter.'"AdvertisementAdvertisementVigna added that it would be too late to develop the technology only after customers start asking for it, suggesting that it must be available for sale beforehand. He said:"If you wait for the client to ask for that, it's too late."Vigna's confidence in the electric route seems strong, as he did not rule out that the fastest Ferrari in the future could be all-electric. He said:"I think that it does not matter which technology you use, as long as you deliver something that the people are in love with."Ferrari Rules Out Autonomous VehiclesVigna, however, made it clear that Ferrari will not produce autonomous vehicles. The CEO clarified that if a car has to drive itself, as seen in L3 autonomous cars, there is no point in it being a Ferrari. He said:AdvertisementAdvertisement"We will not make fully autonomous cars — loud and clear. We want the people to have fun, not the [computer] chips.""When I talk about autonomous cars, I talk about L3+. We want to have a steering wheel and a man or a woman behind the steering wheel. Otherwise, why do you buy a Ferrari?"
