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.”
In 1993, This Boy Was Born With Enough Skin For A Five-Year-Old. But Wait Till You See Him Today
Tomm Tennent was born in 1993 with an extremely rare condition that baffled doctors—he had excess skin, making him a medical enigma. His parents, Geoff and Debbie, were unsure whether to continue with the pregnancy when they first learned something was wrong. Geoff recalled, “We decided what’s meant to be is meant to be.”
Despite extensive testing, doctors couldn’t diagnose Tomm’s condition or offer treatment. At birth, Debbie was shocked, saying, “It was nice to pick him up and hug him, but my heart was racing.” Doctors eventually discovered Tomm had 100 times the normal amount of hyaluronic acid, similar to Shar Pei puppies. They hoped his skin would normalize as he grew.
As Tomm grew older, he faced challenges, especially at school where some kids teased him. However, Tomm stayed positive, saying, “They don’t really care how I look.” By 2003, he embraced his uniqueness, adding, “I see a kind, loving person when I look in the mirror.”
Now 28, Tomm is happily married and lives a content life in Australia. His outlook remains simple: “You make choices, and you don’t look back.” His story serves as an inspiration of resilience and self-acceptance.
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