Lamborghini CEO says the company’s choice to cancel its planned electric vehicle program is the right approach as the automaker concentrates on plug-in hybrid electric vehicles. According to CNBC, the CEO argues the decision to stop its own EV efforts reflects what is best for Lamborghini’s strategy and product direction. Seeking Alpha also reports on the same comments, framing them in the context of broader industry reaction tied to Ferrari. The outlets describe a “backlash” connected to Ferrari’s actions or messaging, and note that Lamborghini’s leadership uses the moment to reaffirm its own plans. Across the coverage, the common thread is that Lamborghini does not shift to a full battery-electric focus, but instead continues pursuing plug-in hybrids. The statements emphasize the company’s internal reasoning for shelving its EV plan and maintaining its hybrid-focused direction rather than adopting an all-electric roadmap.