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.”
My wife disowned her parents after our son’s birth – 15 years later, she told me the shocking truth
There are times in life when we are at our best, but in the next moment things take an unlike turn no can ever predict.
The story a man named Henry shared resembles a movie plot. The shocking turn of events changed his family forever in ways he could never expect.
As he explained in his post, following the birth of their son, his wife Candice decided to cut ties with her parents. Although he could never understand the reasons behind this drastic decision, he decided to respect her wishes.
However, over time, he felt torn between his wife and his in-laws who loved their grandson Lucas very much. They always showered him with gifts and attention, and this made it even more difficult for him to understand why his wife got estranged from her parents who seemed to be the perfect grandparents.
Intrigued, he decided to learn the truth no matter the cost.
One day, he confronted his wife and asked her why she didn’t want to see her parents. It was unacceptable that she cut all ties with them all of a sudden. Candice refused to speak about it, but Henry was determined and he even threatened to leave her if she didn’t tell him the truth.
At that moment, Candice broke down in tears and it felt like her entire world collapsed. What she had to stay left Henry in a state of shock. He couldn’t even move as he tried to process his wife’s words.
Candice revealed to him that her parents, who were rich and influential people, wanted a grandson whom they would leave their inheritance to, so when Candice gave birth to a baby girl, they forced one of the nurses at the hospital to switch the girl with a baby boy.
Realizing that Lucas wasn’t their biological son shattered Henry’s heart into a million pieces. At the same time, he wondered where his biological child was and what happened to her.
He couldn’t believe that Candice lived with that secret for so long.
Candice told him that the nurse who helped do the crime regretted her decision and wanted to reveal the truth, but her parents got her fired. All she could do was leave a handwritten note revealing the dark secret.
The next step was finding their daughter, Darcy. It wasn’t an easy thing to do, but they eventually tracked the child down and reunited with her. Sadly, the process of taking her back had been a complex one and required plenty of time and long legal battles.
Henry and Candice shared the truth with Lucas and Darcy and both of them accepted it pretty well. The two siblings get along and support each other, and Lucas shows resilience and gratitude for being part of a unique story.
As of Candice’s parents, the family decided not to be close with them as they once were.
Candice had carried the burden of the secret for too long, but she only did that for Lucas.
This truly is an extraordinary story, don’t you think so?
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