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.”
INSIDE MARIAH CAREY’S SHOCKING SILENCE: WHAT HAPPENED BEFORE HER SISTER’S DEATH?
Mariah Carey did not talk to her sister, Alison, before she died. The reason? Alison’s struggle with drug addiction created a big distance between the two sisters.
Sources close to the family shared with TMZ that Mariah did not reach out to Alison in her final days. Instead, she spent the last week with their mother, Patricia, who was also very ill.
Mariah was not in contact with Alison, and sources say it’s because Alison struggled with addiction for many years. Mariah had tried to help her sister emotionally and financially, but it wasn’t enough to help Alison get clean.
Eventually, Mariah felt she had to show Alison tough love. She didn’t want to enable her sister’s behavior, so she decided to cut off contact and distance herself from Alison.
As we reported, Alison passed away over the weekend—the same day their mother died—without any contact from Mariah.
Mariah talked about her relationships with her mom and sister in her 2020 memoir, *The Meaning of Mariah Carey*. In the book, she claimed that Alison had once “drugged me with Valium, offered me a pinky nail full of cocaine, inflicted me with third-degree burns, and tried to sell me out to a pimp.”
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