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.”
Trump declared his support for Gov. Abbott of Texas, He Calls On States To Help
In a series of posts on his Truth Social social media pIatform, former President Donald Trump declared his support for Gov. Abbott of Texas as Abbott’s Texas defies the federal government and defends its border, in some cases by excluding federal officials to keep them from processing migrants or cutting barbed wire border barriers.
Trump also called on the states to provide support for Gov. Abbot.
In the first post, Trump declared that he and his Administration had acted to strongIy defend the border, much in contrast to how it has remained shockingly porous under Biden. Commenting on that, he wrote, When I was President, we had the most secure Border in History.
Joe Biden has surrendered our Border, and is aiding and abetting a massive Invasion of millions of IllegaI Migrants into the United States.
Continuing, the former president called out President Biden for focusing on trying to restrain Gov. Abbott rather than trying to staunch the flow of illegaI immigrants across the border.
Doing so, he wrote, Instead of fighting to protect our Country from this onslaught, Biden is, unbelievably, fighting to tie the hands of Governor Abbott and the State of Texas, so that the Invasion continues unchecked.
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