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.”
I Refuse to Let My Irresponsible Stepdaughter Exploit Her Dad
In blended families, it’s common for parents to have differing views on how to handle their children. Colleen’s husband continues to provide financial support to his 19-year-old daughter, who is pregnant and already a mother of two. Meanwhile, Colleen feels that her stepdaughter should not be coddled and needs to learn to take responsibility for her actions. This clash in parenting styles led to a situation that went terribly wrong, and Colleen has shared her story with us.
Here is Colleen’s letter:
Hi Colleen! Thank you for sharing your story with us. We’ve prepared 4 pieces of advice that we believe can help you.
Seek mediation or couples counseling.
Given the emotional and financial conflicts, involving a neutral third party could help. A mediator or counselor can facilitate a discussion between you and your husband to address the underlying issues.
This professional might help clarify each other’s perspectives, restore communication, and find a resolution that acknowledges both your concerns and your husband’s responsibilities.
Reevaluate financial decisions and transparency.
Consider discussing the financial decisions and future planning openly with your husband. Since you drained the shared savings account without his consent, it’s crucial to establish a clear, mutually agreed-upon approach to handling finances moving forward.
This might involve setting up separate accounts for personal expenditures and jointly managed accounts for shared expenses, ensuring that both parties are informed and agree on financial decisions.
Engage in a direct conversation with your stepdaughter.
It may be beneficial to address the situation directly with your stepdaughter. An honest conversation about her expectations and how her actions have impacted your relationship with her father could help clear misunderstandings.
Express your intentions and concerns, and listen to her perspective to potentially reach a better understanding and find common ground.
Consider moving out temporarily for reflection.
If the tension remains high and communication isn’t improving, temporarily moving out might provide space for both you and your husband to reflect on the situation. This physical distance could give you time to think about your relationship and future steps without the constant emotional strain.
Use this time to assess what you both need and whether there’s a path forward that respects both your needs and your husband’s.
Another stepmom dealing with tension is Claudia. When her 32-year-old stepdaughter lost her job and decided to move back in with her father, Claudia insisted that she pay rent. This decision led to an unexpected turn of events, and she reached out to us for advice. Read her story here.
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