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.”
At 56, Julia Roberts causes stir as she debuts new hairstyle for fans – “not the same person”
Julia Roberts is known for her ever-changing hairstyles, and her latest switch-up may be the most eye-catching yet. The iconic actress, usually seen with darker hair, recently debuted luscious blonde locks on Instagram. The post garnered plenty of praise, but reactions on Facebook were mixed.
Some fans loved the new look, while others had reservations. Comments like “Not the same person,” and “Bleached blonde is not for her,” dominated the conversation. Others felt that “Red is so much prettier,” and one speculated, “She probably went with blond because she is grey. Blond covers grey better.”
Roberts has always been a trendsetter, and her hair transformations are no exception. Despite some negative feedback, her bold choices in style and fashion keep her in the spotlight.
Earlier this year, Roberts shared one of her biggest regrets in an interview with Vogue: not going to college. “I couldn’t. It wasn’t in my cards,” she revealed. “My family didn’t have the money. And I had no scholarship potential. That kind of thing.”
Roberts’ candid reflections and evolving style demonstrate her ability to surprise and inspire fans. Whether she’s donning dark locks or going blonde, the actress continues to make waves in the industry. Her latest hair transformation is just another example of her enduring appeal and ability to keep her audience guessing.
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