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.”
Zac Efron’s Appearance a Few Days Ago Leaves Fans Shocked and Worried
Zac Efron’s fans were left shocked when they saw his new face in a recent interview he did for Entertainment Weekly. The 36-year-old was promoting his new movie, The Iron Claw, but it’s his fuller and bigger facial features that got most of the attention.
His appearance went viral.
Looking handsome in a simple white t-shirt alongside his co-stars Jeremy Allen White and Harris Dickinson, Zac’s latest appearance went viral. Many people asked, “What happened to his face?” and flooded the internet with questions and observations such as, “His face is huge now,” “What happened to his jaw?” and “His face doesn’t even move now.”
Others were also quick to draw comparisons and find similarities between Efron, David Hasselhoff, or Rob Lowe. While someone wrote, “Woah, he looks like the villain in Avengers: Endgame,” and another noted, “I could see him being the Joker.”
However, many fans were quick to come to the actor’s defense and explain that his jaw was shattered in a car accident, and he underwent procedures to get it restructured, which is why he looks different now.
Efron’s face sparked debate in the past as well.
This is not the first time that the 17 Again actor’s face sparked online debate. Back in April 2021, people wondered why the lower half of his face looked so different as the actor starred in Facebook Watch’s “Earth Day Musical.”
Efron finally explained the reason for this transformation back in October 2022 when he appeared on the cover of Men’s Health magazine. He shared with the magazine that he broke his jaw when he was running around his house in socks. He slipped and hit his chin on the hard corner of a stone fountain.
During his recovery, the High School Musical star shared that certain facial muscles tried to compensate for the injury. He worked with a physical therapist to help with this. However, when he took a break from therapy, he noticed that the jaw muscles, called masseters, grew much larger.
To learn more about the truth behind the plastic surgery rumors, and Zac’s explanation, then check out this article.
Preview photo credit Reynaud Julien/APS-Medias/ABACA/Abaca/East News, Entertainment Weekly / YouTube
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