“The charges announced today largely reflect the cost of overestimating the pace of the energy transition that distanced us from many car buyers’ real-world needs, means and desires,” CEO Antonio Filosa said in a statement. The automaker is the latest to record a massive charge on its EV investment, as sales growth slows amid vanishing government incentives. Ford reported a $19.5 billion write-down, while GM said it would take a more modest $6 billion hit.