RIP EV it seems. Trump wants 100% cars with oil as fuel, at least the ones being sold in the US.President Donald Trump's tougher immigration policy has created new challenges for LG Energy Solution and its domestic peers, Samsung SDI and SK On, as they follow through on their billions of dollars of investment pledges made under the previous Biden administration.
They are also bracing for weakening demand for electric vehicles in the U.S., as a $7,500 federal tax credit for EVs, introduced by the Biden administration, is set to expire at the end of the month
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