Automaker Suffers Major Losses of Billions Due to Electric Vehicle Investments in 2023.

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.”

I Was Heartbroken When I Accidentally Found Out Why My Husband Stopped Inviting Me to Dinners With His Friends

Mandy and Jack appeared to have the ideal marriage—carefree and childless. Along with many social interactions, they went on adventures together with Jack’s childhood pals. But that was three months ago. Jack began apologising for not include Mandy in activities, saying they were “just for the guys.”

Even though Mandy at first agreed with his logic, a fortuitous meeting with Jack’s buddy Kevin’s wife Marcia exposed a startling untruth. Marcia had learned from Jack that Mandy was undergoing IVF treatments. Confused, Mandy made the decision to look into it more.

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Mandy discovered at home an invitation to a dinner party that Jack had failed to disclose. She sent out a double RSVP, ready to face whatever Jack was concealing. She took Jack by surprise the night of the dinner, showing him where it was without giving it away. As they got there and encountered their friends’ uncomfortable quiet, his uncertainty escalated to shock. Jack kept this information secret since Sasha, his ex-girlfriend, recently got married to one of his best buddies.

Sasha was often talking about Jack at dinner, which made things tense. Mandy started to suspect an affair as her mind raced. Mandy knew all too well that Sasha had insisted on Mandy’s absence from the activities because of past pettiness, as Jack revealed on the trip home. While acknowledging his mistake in concealing Sasha’s involvement, Jack insisted he had no romantic relationship with her.

Jack apologized once more while making tea at home. He was subsequently approached by Mandy over the IVF hoax. Jack shyly said that he had made it up in response to peer pressure because he didn’t want to have to justify their childless lifestyle. They both agreed that it was ridiculous, reaffirmed their choice to not have children, and made plans to improve their communication going forward. Their love for one another endured in the face of chaos.

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