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Cutting tax credits would hit Korean battery companies hard at a time they’re suffering from weaker demand for EVs. Prices of lithium, a key mineral tied to the selling price of an EV battery, plunged nearly 90% from their highs in 2022 due to slower-than-expected adoption of EVs.
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Source (bloomberg.com)
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Cutting tax credits would hit Korean battery companies hard at a time they’re suffering from weaker demand for EVs. Prices of lithium, a key mineral tied to the selling price of an EV battery, plunged nearly 90% from their highs in 2022 due to slower-than-expected adoption of EVs.
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[Source](https://www.bloomberg.com/news/articles/2024-12-08/trump-ev-skepticism-threatens-54-billion-in-korean-investments)
