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.”
10 Celebrity Friendships That Ended for Curious Reasons
Although numerous renowned friendships appear enduring, the truth remains that even the strongest connections can deteriorate amidst the strains of fame, rivalry, or divergent personal paths. Below are 10 celebrity duos who were formerly inseparable but have since ceased communication.
Lindsay Lohan and Paris Hilton
Lindsay Lohan and Paris Hilton were once party pals, frequently spotted together at Hollywood hotspots. However, their friendship soured with rumors of betrayal and rivalry, with Lindsay reportedly dating Paris’s ex-boyfriend. Their feud escalated with public insults, leading to a complete breakdown of their relationship. Recently, Paris Hilton shared that she congratulated Lohan on her wedding, but their friendship might not ever be the same again.
Taylor Swift and Katy Perry
The well-known feud between Taylor and Katy has been widely publicized. Formerly on good terms, their relationship turned sour, with both airing grievances through hit songs. Katy allegedly poached Taylor’s backup dancers, leading to Taylor’s «Bad Blood» track. Katy addressed the conflict on The Late Show With James Corden, expressing her attempts to resolve it but receiving no response from Taylor. She emphasized the concept of karma and cause and effect in their feud.
Selena Gomez and Demi Lovato
Selena Gomez and Demi Lovato were once Disney darlings and best friends, supporting each other through thick and thin. However, their friendship ended due to personal problems, made worse by Demi’s struggles with mental health. Despite attempts at reconciliation, their relationship remains strained.
Mariah Carey and Jennifer Lopez
Jennifer Lopez and Mariah Carey were once friendly acquaintances in the music industry. However, their feud played out publicly, with both artists making subtle digs at each other in interviews and through their music. Despite occasional attempts to downplay their feud, their strained relationship remains apparent.
Beyoncé and Kim Kardashian
Beyoncé and Kim Kardashian’s relationship was initially friendly. However, their friendship reportedly cooled when Beyoncé and Jay-Z didn’t attend Kim and Kanye West’s wedding. Different lifestyles might be the reason why they fell out.
Paris Hilton and Nicole Richie
Paris Hilton and Nicole Richie rose to fame together as the stars of The Simple Life. However, their friendship fizzled out between rumors of betrayal and personal differences. Their rift played out publicly, with both parties mocking each other in the media. Recently, Nicole stated that she still thinks Paris is her friend.
Drake Bell and Josh Peck
Nearly everyone who’s sported Mickey Mouse ears was devastated upon learning about the rift between Drake Bell and Josh Peck. While Peck exchanged vows with his fiancé, Bell found himself absent from the guest list, prompting him to take to Twitter to express his feelings about his perceived snub.
«When you’re not invited to the wedding, the message is clear,» Bell lamented in a series of now-deleted tweets. «True colors have come out today. Message is loud and clear. Ties are officially cut. I’ll miss you brotha,» he continued. «Loyalty is key.» «ALWAYS remember where you came from.» Later, Bell admitted to Entertainment Tonight that he regretted his Twitter outburst and acknowledged that he should have directly addressed the issue with Josh.
Within the realm of celebrities, friendships often prove as fragile as they are fleeting. Though these stars may have once reveled in laughter and shared good times, their bonds eventually faltered. Despite the public scrutiny surrounding their rifts, some cling to hope for reconciliation, while others have come to terms with the fact that their friendships belong solely to the annals of the past.
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