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.”
Lisa Marie Presley had a deeply emotional reason for keeping her son Benjamin’s body on dry ice after his passing.
After her son Benjamin passed away, Lisa Marie Presley kept his body on dry ice for two months for a very heartbreaking reason. Just under four years had gone since the terrible suicide death of her son Benjamin Keough, when Lisa Marie, 54, passed away in January 2023.
Lisa Marie, the sole child of Elvis Presley, departed from her twin children, Harper and Finley Lockwood, who are 16 years old, and her daughter Riley Keough, who is a star of Daisy Jones & The Six. Riley finished a book she had written, From Here to the Great Unknown, and it was published on October 8 following her death.
In her memoir, Lisa Marie discussed Benjamin’s sudden passing in 2020 and disclosed that she had held his body for two months before burying him in a casita bedroom. As she had explained to her father, Elvis Presley, “there is no law in California that requires someone to be buried immediately,” and she felt it was important to give Benjamin the time she needed to say goodbye.
Lisa Marie was just nine years old when Elvis passed away, so having his body at home and being able to visit and talk with him had been consoling. Throughout that time, she kept Benjamin’s remains at 55 degrees while debating whether to bury him in Graceland or Hawaii.
She acknowledged in the biography, “I became so accustomed to him being there, taking care of him… I was grateful that I could continue to raise him until I was ready to say goodbye, even if it was only for a short while longer.
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