Trump Win Would Dampen Electric Vehicle Market: Nomura Research

A Donald Trump return to the White House would have a negative impact on the electric vehicle market as he’s expected to scrap EV subsidies, including tax credits given to US buyers, Cindy Park, executive director at Nomura Equity Research, said at a seminar held by SNE Research in Seoul on Tuesday.

• Battery demand CAGR of 15.5% estimated between 2024-30 vs 16.9% estimate 1 year ago
• EV market will start to recover when battery makers’ capital expenditures fall to lows, which is seen around 2H 2025
  • Capex reduction to signal tightening supply

To contact the reporter on this story:
Heesu ...