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.”
Jada Smith’s son made a request that she could not accept, hurting her heart
Raising children in the spotlight is difficult; Jada and Will Smith understand this better than anyone.
Despite criticism from family and friends, especially Jada’s mother, they have tried their hardest to raise their two children, Jaden and Willow, with love and care.
Being a parent in the public eye is a challenging task. Still, they continue to demonstrate strength in the face of any problems that come their way as they attempt to provide a secure environment for their children to grow up in.
The Smiths had been through many hardships, especially when their son said something hard for Jada to understand.
Despite its appearance, growing up with famous parents provides a distinct set of challenges, such as being judged on a different scale than other children and having difficulty determining one’s true identity.
Will Smith and Jada Pinkett-Smith faced a dilemma when their 15-year-old son Jaden declared wanting to leave the family home and become self-sufficient.
Even though they were shocked and upset by the news, Jaden’s parents eventually supported his bold move toward independence.
Jada’s mother, Adrienne Banfield-Jones, doubted the decision but finally trusted her grandson’s judgment.
Despite all the media attention from his fame, Jaden found balance with courage and wisdom beyond his years.
Jaden’s parents had to impose restrictions because he had decided to go vegan but was not meeting his dietary needs. His mother, Jada, realized that giving her kid more freedom to make his own decisions would benefit them.
So, even if Jaden didn’t go through with his original plans, they still gave him the freedom he wanted. However, it wasn’t enough, and his health suffered due to insufficient dietary information.
Jaden knew his lifestyle threatened him, so he became a vegetarian.
In addition to this change in diet, Jaden also changed how he ate. He ate more often and became more aware of how inadequate nutrition affects the body.
Jaden left his parents’ house in 2017 for a fresh start. His move brought him to Hidden Hills, only a few minutes from his parent’s house.
Even though they live far apart, Jaden stays close to his family and looks to them for advice and direction.
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