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.”
No one shows up for 6-year-old’s birthday party – then mom shares picture and the community steps up
It was meant to be the best day of Teddy’s childhood, but for him, it turned out to be a horrible one.For his sixth birthday, his parents planned to take him to Disney World or Lego Land, but he wanted to spend it with his friends.
Teddy’s mother picked out a table at Peter Piper Pizza about two weeks before the big day, and she gave Teddy’s teacher thirty-two invitations, asking her to distribute one to each student in the class. More than half of the child’s parents said they would bring their children to the celebration.
On Teddy’s birthday, Teddy’s mother Sia made gift bags for her son’s friends and placed an order for a large pizza. Despite everyone’s expectations that it would be an absolute blast, not a single student spoke up. After more than sixty minutes of waiting, the friends were no longer visible.
After this, Sia was crushed. She was heartbroken for her son, who was having a truly trying day on what ought to have been a fun one.
“To be honest, I was a little let down,” Teddy’s father told the New York Post. Teddy thought it was unfortunate that they hadn’t arrived an hour into the festivities since, in his opinion, it was what mattered most. In an attempt to cheer up their son, the parents tried to distract him with activities like arcade games.
Sia made the decision to take a photo of Teddy and share it online with the goal of spreading awareness that anything similar should never happen to anyone. But she had no idea that Teddy’s melancholy photo would go viral and attract so much attention. She even felt bad about sharing it after realizing how much attention it received.
Hundreds of individuals emailed Teddy birthday greetings, and many of them included gifts. To make Teddy’s day a little bit better, the Phoenix Suns and the Phoenix Rising MLS team invited the family to their upcoming games.
On behalf of all the other parents who chose not to bring their children to the celebration, only one parent expressed regret to Sia.
Even though this story disappointed us, it should serve as a reminder to be more deliberate and thoughtful.
For further information about the story, view the video below.
Leave a Reply