Will Ford’s Massive EV Charge Be Another Dead End?: Liam Denning

For years after General Motors Co. took a bailout from Washington, it was scorned in some quarters of the population as “Government Motors.” While Ford Motor Co. lacks the requisite initials, the same epithet could be applied to its latest pivot on electric vehicles.

Ford announced a broad retreat from EVs late Monday with an accompanying $19.5 billion write-down. It is a huge impairment by any measure; more than the company’s reported operating income for the past three years and a higher amount than the total assets on the balance sheet allocated to Ford’s Model e division. It is also more than ...