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.”
Jennifer Aniston finally spoke up about the rumors that she dated Barack Obama.
Jennifer Aniston wants to clear up some rumors about her dating life. After being in the public eye for so long, she’s had her fair share of gossip, but she recently addressed one of the wildest stories.
During her appearance on Jimmy Kimmel Live! on October 2, she was asked about an article that claimed she was secretly dating former President Barack Obama. She couldn’t help but laugh at the idea.
Jennifer Aniston said that when she gets calls from her publicist, she often worries about what story will come out next, especially when a tabloid is involved. But when she heard the rumor about her and Barack Obama, she wasn’t upset. She quickly confirmed that it’s completely false.
She even mentioned that she has a better relationship with Michelle Obama than she ever did with Barack Obama.
Jennifer Aniston said, “It’s not true. I met him once, and I know Michelle better than him.” When Kimmel jokingly asked if there was anything more than friendship between her and Michelle, she laughed and denied it.
Jennifer Aniston’s denial of the dating rumor comes at an interesting time because October 3 is Barack and Michelle Obama’s 32nd wedding anniversary. Last year, to celebrate, Barack shared a special post on Instagram for Michelle, saying, “I love going through life with you by my side.” He also called her “brilliant, kind, funny, and beautiful,” and mentioned how lucky he feels to have her in his life.
Leave a Reply