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.”
Paris Jackson just turned 25, reveals what Michael Jackson was actually like as a father
Paris Jackson was born on April 3, 1998 in California, the second child of legendary musician Michael Jackson. Growing up in the shadow of the “King of Pop,” her life was anything but ordinary from the start. Her early years were a mix of privilege and isolation, shielded from the public eye by her father and siblings who valued privacy and a non-traditional education.
Paris and her brothers were homeschooled through sixth grade and were spared the relentless media scrutiny that dominated Michael Jackson’s life. Her father, deeply committed to a rich upbringing, exposed her to diverse cultures and experiences that went beyond the glare of fame. Paris fondly remembers how these experiences broadened her worldview and instilled in her values such as cultural appreciation and hard work. Even at a young age, she understood how important it is to be successful on your own.
At the age of 11, tragedy struck in Paris when her father suddenly passed away, thrusting her into the spotlight. Her poignant speech at his memorial service marked her public debut and gave the world a glimpse into Michael Jackson’s private family life. Paris and her brothers then accepted their father’s posthumous Lifetime Achievement Award at the Grammy Awards, further cementing their public presence.
Navigating her youth amid her father’s legacy proved to be a challenge. Paris faced personal problems that culminated in a period of change at a therapeutic boarding school in Utah. This experience was pivotal in improving her mental health and becoming a stronger person.
Despite the importance of her family name, Paris was determined to forge her own path. She graduated from high school and valued modeling as a means of self-expression, which helped her attract the attention of prestigious publications. Her unique style and individuality shined on the covers of Rolling Stone, Vogue and Narcisse, making her a fashion icon in her own right.
In 2020, Paris ventured into the music industry with her debut album “Wilted”, showcasing an indie-folk sound that explores themes of heartbreak and love. Although Paris is influenced by her father’s musical legacy, she is focused on developing her own identity in the industry.
Throughout her journey, Paris Jackson remains deeply connected to her father’s memory. She finds solace in dreams in which Michael Jackson continues to guide and comfort her, underscoring their enduring bond.
Paris Jackson’s story is one of resilience and growth, handling fame and personal loss with grace. She serves as an inspiration to those who face adversity and embodies the pursuit of individuality amid the challenges of her extraordinary upbringing.
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