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.”
Pierce Brosnan’s Wife Stuns People With Her Transformation During Her Latest Appearance
Pierce Brosnan’s wife, Keely, left fans stunned during her latest red-carpet appearance alongside her star husband. The 60-year-old beauty looked completely transformed, prompting the comments section to be flooded with remarks about her new appearance.
The former James Bond actor, 70, and his wife of 23 years, Keely, looked as stunning as ever as they attended the 2024 Oscar Wilde Awards in Santa Monica. The duo appeared sleek and elegant, coordinating their outfits in black ensembles from head to toe.
Countless fans gushed over how gorgeous they both looked and showered the couple with compliments, such as «They’re aging naturally, and they both look great, good for them,» and noting that «They look so nice together. Love that they’ve been together so long.»
Fans in large numbers couldn’t help but point out that Keely has «lost a lot of weight.»
One person noted, «Whatever she’s doing, she needs to keep doing. A really pretty face showing through now, and I bet she feels better too.» Another commentator wondered, «I thought she had a disease where she couldn’t lose weight? Anyway, they look great!»
The couple who met in 1994 and married in 2001 has one of Hollywood’s most celebrated and long-lasting relationships. They have two sons together, Dylan and Paris.
Keely, once a model and actress with roles in both television and film, transitioned into an on-air correspondent. Utilizing her platform, she champions environmentalism and animal rights.
We can all acknowledge that Keely Shaye has consistently looked stunning, regardless of her body size, and alongside her star husband, they make a captivating couple.
A few months back, during Pierce’s birthday celebration, he demonstrated his true gentlemanly demeanor when spotted out with his wife and mother-in-law.
Preview photo credit Mario Mitsis / Alamy Stock Photo, Charlie Steffens/AdMedia/SIPA/East News
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