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.”
This ‘Rage of Angels’ beauty is 79 years old now. This is her today
Jacquelyn Ellen Smith, known as Jaclyn Smith, was born on October 26, 1945, in Houston, Texas.
Growing up in a supportive family, she developed a passion for the arts early on. She attended Trinity University in San Antonio, Texas, before moving to New York City to pursue her dream of becoming a ballet dancer.
Rise to Stardom
Jaclyn’s career took a significant turn when she transitioned from ballet to acting and modeling. Her big break came in 1976 when she was cast as Kelly Garrett in the iconic television series “Charlie’s Angels.”
Her portrayal of the savvy and sophisticated detective won the hearts of millions and made her a household name.
Beyond “Charlie’s Angels”
After “Charlie’s Angels,” Jaclyn continued to build an impressive acting career. She starred in numerous television movies and miniseries, showcasing her versatility as an actress.
Notable works include “Jacqueline Bouvier Kennedy” (1981) and “Rage of Angels” (1983). Her performances received critical acclaim, further cementing her status in Hollywood.
Legacy
Jaclyn Smith remains a beloved figure in the entertainment industry. Her contributions to television and her pioneering work in celebrity branding have left an indelible mark. She continues to inspire new generations with her talent, elegance, and entrepreneurial spirit, proving that true icons are timeless.
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