The writedown is one of the largest financial hits suffered by a carmaker to date - Scott Olson/Getty Images Ford will take a $19.5bn (£14.5bn) hit after cutting back electric vehicle (EV) production because of a slump in demand from drivers. The US car giant said it was scrapping plans to invest significant sums into EVs in future, including the production of large battery-powered pickup trucks, after “lower than expected” uptake cost the Detroit carmaker billions in losses. Instead, it will plough mo ...