Automakers Pull a Slow U-Turn on EVs

January 20, 2026--Written by John Egan for IIR News Intelligence (Sugar Land Texas)--The decision by Ford Motor Company (Dearborn, Michigan) to book a $19.5 billion asset impairment charge last month, most of which was tied to reversing or abandoning its prior pursuit of electric vehicles (EVs), was a dramatic demonstration of the power President Donald Trump exercised over the sector in 2025. Between imposing tariffs on imported vehicles and parts, which is under review by the U.S. Supreme Cour