As the push for electric vehicles persists despite public reluctance, the once-promising solution for environmental concerns is revealing significant drawbacks. Issues like inadequate charging infrastructure, limited range, battery problems, high repair costs, and supply chain disruptions have plagued the industry.
Despite these challenges, proponents like Joe Biden continue to advocate for electric vehicles. However, the lack of consumer interest has led to substantial financial losses for manufacturers. Ford Motor Company, for instance, reported a staggering $4.7 billion loss in 2023 from its electric vehicle product line, exceeding earlier projections.
The company attributed the losses primarily to intense competition driving down prices. With Ford selling around 72,608 electric vehicles in the year, the losses translate to roughly $65,000 per vehicle sold, an unsustainable business model. Moreover, Ford anticipates further losses, projecting up to $5.5 billion for 2024, particularly concerning in an election year.
Despite Chief Financial Officer John Lawler’s optimistic remarks about future profitability and customer adoption, the reality suggests otherwise. Ford’s flagship electric vehicle, the F-150 Lightning pickup, saw diminished demand, leading to production cuts. This setback is notable, especially as Biden’s administration aimed for 50% of new vehicle sales to be electric by 2030.
Watch Biden test drive the Ford Lightning pickup here:
General Motors has also dialed back production and tempered expectations, posting a $1.7 billion loss on electric vehicles in just the fourth quarter of 2023. Ford went on to state: “We said yesterday that we will launch our second-generation EVs when they can be profitable and deliver the kind of returns we want, and we will build a stand-alone profitable EV business. Meantime, we’re improving the contribution margin of our first-generation EVs.”
What You Saw First Will Reveal the Whole Truth About You
Our mind is a complex and multifaceted mechanism; sometimes we don’t even know what our own personality hides. However, you can uncover the traits and secrets of your personality in a simple way: just trust your intuition and choose the first thing you see in these pictures.
Upstairs or downstairs?
- Cat heading upstairs: You don’t pay attention to details. You’re probably a little bit messy and naive. You believe in everything you see and this makes you love life.
- Cat heading downstairs: You are an attentive person and have good intuition. You pay a lot of attention to detail and like a challenge.
An old lady or a young woman?
- An old lady: You’re an experienced person. You have a critical mind, and you analyze life from every point of view.
- A young woman: You are an optimist and impulsive. You’re also happy.
What animal do you see first?
- The bull
If you noticed a bull, that means you have confidence in yourself and your actions. Being mysterious to other people makes you feel delight. However, you cannot stand it when people perpetuate lies and hypocrisy. As you have a strong sense of justice, you always try to do what’s right.
- The horse
If the horse first caught your attention you are a natural leader. You are sensitive to others and willing to put their needs first. People look up to you for your determination and your perseverance. You maintain calmness and reasonable thinking in any situation.
- The bear
Seeing a bear signifies that you are the empathetic type. You listen to the anxieties of others and make them feel safe. People don’t feel judged by you. You’re a great caretaker.
Do you enjoy learning new things about yourself? Then take a look at this article as well.
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