Automaker Suffers Major Losses of Billions Due to Electric Vehicle Investments in 2023.

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.”

Protecting Our Children: A Parent’s Priority

Our first concern as parents is for our kids’ safety and wellbeing. We automatically take every precaution to keep them safe from harm from the minute they are born. It is just inconceivable to consider our children getting sick or injured. Without even thinking twice, we go above and beyond to keep them safe.

But the truth is that things can go awry sometimes even with our greatest intentions. Every parent knows that accidents can occur and that it is frightening to consider a scenario that is beyond of their control. Jackie Fedro knows all too well about this. Her daughter’s terrifying tragedy happened in 2016, but it serves as a potent lesson for all parents to be watchful and observant at all times.

A BuzzFeed article claims that Jackie made the decision for her 13-year-old daughter Gabbie to receive her own smartphone in 2016. It was an LG d500 that was a Christmas present. Jackie clarified that Gabbie’s hectic practice schedule necessitated having a phone, which was one of the reasons she was given one. They had no idea that the course of their lives would become quite frightening.

One day, Gabbie’s mother heard her cry as she was using her phone in her room. Jackie realized her kid was in terrible pain as she hurried to her side in a panic. Gabbie was screaming hysterically and clutching her neck. For Jackie, it was a heartbreaking sight as a mother. She was helpless and unsure of how to make her daughter’s suffering better. Gabbie needed a few minutes to formulate an explanation for what had transpired.

Gabbie admitted to her mother that she had been on her phone during the charging process. She was shocked by an electric shock. When the current touched her metal necklace, it burned her neck after passing through her phone and up the charging cord. Due to the extreme heat, Gabbie had to endure excruciating second-degree burns, leaving a scar across her neck.

Shocked by this unexpected event, Jackie was driven to tell her daughter’s tale and educate other parents about the unspoken risks associated with cell phones. It’s not something that’s often known or even discussed. Jackie stressed, “Parents need to be warned about the harm that phones can cause, especially with so many kids using them these days.”

Isn’t it horrible to consider that something as basic as using a phone might result in such a horrific experience? Stories like these serve as a helpful reminder to parents of the value of continuing education and vigilance. Let’s make sure we take every precaution to keep our kids safe.

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