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Battery Demand Set for a Slowdown Amid Tariffs
UNITED STATES, JUL 25 – LG Energy Solution will convert EV battery capacity to energy storage systems to offset expected 2026 demand drop after the $7,500 U.S. federal EV subsidy ends in September.
5 Articles
5 Articles
LG Energy Solution warns of slowing EV battery demand due to U.S. tariffs, policy headwinds
South Korean battery firm LG Energy Solution warned on Friday of a further slowdown in demand by early next year due to U.S. tariffs and policy uncertainties after it posted a quarterly profit jump.
Battery Demand Set for a Slowdown Amid Tariffs
Demand for batteries used in electric vehicles is set to slow down further in 2026 because of changes in subsidy legislation in the United States and Trump’s tariff offensive, LG Energy Solutions warned. The company released its latest quarterly financial statement this week, which showed a higher profit, but its outlook for the industry was rather pessimistic. “U.S. tariffs and an early end to EV subsidies will put a burden on automakers, poten…
LG Energy to Ramp Up Energy Storage Business as EV Demand Cools
LG Energy Solution Ltd. plans to ramp up its energy storage business in the US as it seeks to cushion the impact on its electric vehicle batteries arm from mounting tariffs and a global slowdown in consumer demand for the cars.
[Small Business Manager Park Dae-ri] Black in 6 quarters excluding IRA… “Cost-saving and high-profit mix” Focusing on ‘local production’ ahead of increased tariffs and end of subsidies… Expanding ESS on AI demand [Digital Daily Reporter Bae Tae-yong] Despite the slowdown in electric vehicle demand (chasm) and North American policy uncertainty, LG Energy Solution sent a signal of meaningful constitutional improvement. As it succeeded in turning a…
LG Energy Solution warns of EV demand slowdown amid U.S. tariffs, subsidy end
South Korean battery maker LG Energy Solution (LGES) reported a strong quarterly profit increase but cautioned on Friday about a looming slowdown in electric vehicle (EV) demand expected early next year. The company attributes this anticipated weakness to ongoing U.S. tariffs and the scheduled end of federal EV purchase subsidies on September 30. LGES highlighted risks that tariffs and subsidy cuts will burden automakers, potentially raising veh…
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