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.”
“Is She Pregnant?” Selena Gomez Causes a Wave of Controversy After Appearing in a Tight Dress
Selena Gomez made a dazzling appearance at the 75th Primetime Emmy Awards, bringing along her boyfriend Benny Blanco as her date. The 31-year-old singer looked absolutely fabulous in a gorgeous sheer dress. However, some people criticized her outfit, making comments about her body and even speculating whether she might be expecting.
450,000 sequins
Selena Gomez stole the spotlight at the event with her stunning outfit. She wore a captivating sheer gown by Oscar de la Renta, covered in intricate black floral details and a whopping 450,000 sequins. The dress was designed to reveal a subtle hint of skin, adding a touch of glamour to the ensemble with a beautiful Tiffany & Co. necklace.
Selena Gomez attended the event with her 35-year-old boyfriend, Benny Blanco, who is a record producer and actor. Benny looked stylish in a sharp outfit, wearing a long navy coat over a black silk button-up shirt and gray slacks. The couple shared a sweet moment during their walk, with Selena affectionately placing her hand on Benny’s shoulder.
According to an insider, Selena is in a great place and truly enjoying her relationship with Benny Blanco. The source emphasized that she appears to be genuinely happy and engaged, expressing that Selena is embracing a positive phase, perhaps influenced by her connection with Benny or simply reflecting on her current personal and professional state.
Her body became the main topic of discussion.
As everyone admired her vibrant appearance on the red carpet, a few online voices started guessing if she could be pregnant. Even though the star did not indicate a pregnancy, some presumed her curvier and fuller look might suggest otherwise, with one comment stating, “She’s about 4 sizes up”.
However, a supportive fan chimed in, clarifying that her fuller figure could be attributed to her health condition and medication. As the pictures from the event made their way onto social media, fans swiftly celebrated the star’s gorgeous look, flooding her with compliments like “stunning” and “looks amazing.” One supporter expressed, “Love her; she looks awesome and happy. Good for her.”
Negative comments don’t bother her.
Last year, during the Golden Globes, online comments started circulating about her weight gain. Responding to these remarks, Gomez took to Instagram Live with her sister, Gracie, by her side. She explained, “I’m a little bit big right now because I enjoyed myself during the holidays.” Then Gomez added, “But we don’t care,” and both sisters burst into laughter.
By light-heartedly dismissing these comments, Gomez not only set a positive example for her younger sister but also for countless girls and women worldwide. She emphasized that embracing your body and feeling confident, regardless of size, is what truly matters. After all, the key is self-love, which radiates from the inside out.
Selena recently shared that she’s considering wrapping up her music career soon. In this article, we delve into the reasons behind her decision and explore what might be prompting this potential shift in her career path.
Preview photo credit Jordan Strauss / Invision / AP Images / East News
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