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.”
“Am I to blame for my aging?” This is how Streisand responded to the haters who criticized her for her aged appearance
Barbra Streisand’s appearance has always been a magnet for paparazzi and media attention. Recently, the famous actress has been heavily criticized for her noticeably aged appearance.
Not everyone was prepared for the transformation she has undergone. Her recent public appearance sparked heated debate online, and many struggled to recognize her.
Dressed casually and without makeup, her disheveled appearance seemed to accentuate her age, leading to an increase in negative comments.
The reactions on social media were quick and varied:
“I was definitely not ready for this!”, “She looks like a grandma now”, “What happened to her former beauty?”, “Am I the only one who barely recognized her?”
In response to the backlash, Streisand addressed her critics, suggesting that criticizing someone for aging was like blaming water for being wet.
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