LG Energy Solution drops due to weak N. American EV demand fears

TL/DR –

The essential information is that the expiration of the Inflation Reduction Act (IRA) tax benefits is causing concerns about potential declines in sales. The data provided indicates a decrease of 8% from the previous quarter. Thus, the impending expiration of the IRA tax benefits might negatively impact sales growth.

Apprehensions are rising over the potential of a sales downturn once the tax advantages of the Inflation Reduction Act (IRA) lapse. With sales already witnessing an 8% dip from the previous quarter, the termination of these benefits could trigger further decline.

—
Read More US Economic News