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.”
Enchanting Equine: Rare Foal’s Remarkable Facial Markings Stun Onlookers”.
When Scott and Jackie Nelson first saw Coconut the horse, they couldn’t believe she was a Melbourne, Florida native.
Over three million people have marveled at how unique she is, and that’s because they had to record her beauty at the age of two days old to show the rest of the world.
At the age of two, the couple, who run a ranch named Down Under Colour and breed horses, took her outside for the first time on camera.
According to a YouTube description, Coconut is also referred to as a War Horse and has incredibly uncommon markings. The chief or the medicine man, a traditional and spiritual leader, would ride this horse, which was revered in Native American culture.
They must have one blue eye with liner surrounding it and a shield on their chest in order to qualify as a War Horse.
In Indian mythology, this eye is referred to as a Sky Eye. This one blue sky eye will convey the spirits of the Chief and Medicine Man to their gods if they perish in combat. That explains why she is so unique. Watch Coconut in the video below.
If the beauty of this unique foal also struck you, please share this tale.◰
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