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.”
All you need to know about Nikki Haley…Here Is The Truth About Her
Integrity is one of the aspects American voters seek in their preferred candidate, unfortunateIy, Nikki Haley or Nimarata Randhawa seems to lack this.
In a campaign rally at Newton, Iowa, former President Donald Trump bIasted Haley for being a RINO. Trump said, People who fund Nikki Haley and Ron [DeSantis] aren’t working for your interests. They are working for the interests of other nations and themseIves, and so are those two.
The GOP leading candidate also believes that Haley would grant amnesty to Biden’s illegaI aliens in her very first week. And, sadly, the establishment losers and sell-outs lagging far behind us in the Republican primary cannot be trusted on taxes, trade, or anything else.
Like they betrayed me, they’re gonna betray you.
In April 2021, Haley turned down rumors that she would run for the Republican primaries and pledged to back Trump, if she wouId support a second bid by Trump.
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