Lamborghini CEO Stephan Winkelmann said canceling the company’s electric vehicle project was the right decision. The statement comes two days after Ferrari’s first electric car, the Luce, was unveiled, which attracted significant criticism from fans and industry experts.MotorBiscuit reported how Ferrari experienced a drop of 8% on its share value, which translated to $5.38 billion being wiped off overnight after it unveiled the Luce, a clear sign that the market didn’t take the news too well.The Luce’s design is too unconventional to be called a Ferrari, as the brand adopted an entirely different design philosophy, marking a fresh beginning in the electric world. However, car enthusiasts have been used to seeing red, fire-spitting, multi-cylinder cars loaded with movable aero all over the bodywork.AdvertisementAdvertisementQuite naturally, it would be tough for many to accept the aesthetics of the Luce, which comes from the same stable in Maranello, leading to the car and the brand being trolled online.Ferrari Luce | Courtesy: Ferrari.comFerrari Luce | Courtesy: Ferrari.comGiven the Luce-related drama that unfolded in the automotive world over the past few days, Lamborghini boss Winkelmann said his company’s decision to go forward with plug-in hybrids was the right one.Notably, Lamborghini scrapped its all-electric Lanzador and Urus projects and decided to take the plug-in route. Winkelmann told CNBC:“Our decision to go from [traditional internal combustion engine] to plug-in was a very important one for us, and it worked out.AdvertisementAdvertisement“We don’t speak about our competitors … but everybody has their own strategy.”While he refused to talk about the Luce, he did mention that Lamborghini noticed that the EV acceptance among its customer base did not show a positive trend. He said:“By observing the market … we saw that the acceptance curve [of EVs] for our type of customers is not increasing, and that therefore we decided to move away from a full-electric car into a plug-in hybrid.”According to Michael Field, chief equity strategist at Morningstar, the fans are disappointed by the Ferrari Luce because the brand took the EV route. He said:AdvertisementAdvertisement“Ultimately many fans are disappointed that Ferrari is embracing the EV concept, believing it dilutes the supercar brand, which has modelled itself around classic design and raw, combustion-engine power.”It remains to be seen whether the Luce grows on fans or Ferrari makes adjustments internally.