Search results for Tax Credit
Industry
LG Energy Solution Q3 operating profit 756.0 billion won, up 26 percent year on year
LG Energy Solution said on Oct. 8 it posted third-quarter revenue of 9.64 trillion won and operating profit of 756.0 billion won, up 59 percent and 25.7 percent from a year earlier. Revenue rose 27.6 percent from the previous quarter, while operating profit jumped 567.3 percent. The quarter included 416.9 billion won in U.S. IRA tax credits. Excluding them, operating profit was 339.1 billion won.
Industry
Ioniq 5 holds ground in U.S. market despite loss of tax credit
Hyundai Motor’s Ioniq 5 sold more than 30,000 units in the United States through September, keeping sales relatively high among major electric vehicles despite a broader slowdown in EV demand. U.S. sales from January to September totalled 31,112 units, down 24 percent from a year earlier. Sales fell after a federal tax credit for new EVs ended in late September last year, although Hyundai cut prices on some 2026 Ioniq 5 trims.
Mobility
U.S. EV sales drop after tax credit ends, power demand also shifts
Electricity used by electric vehicles in the United States continues to rise, but the pace of growth has slowed markedly, a report said, citing U.S. Energy Information Administration data. Power use by light-duty EVs rose 8 percent in the first half of 2026 from the second half of 2025, below recent half-year growth of 13 to 24 percent. The slowdown coincided with weaker sales after federal EV tax credits ended.
-
Mobility
Tesla Q3 delivery forecasts diverge, seen at 420,000 to 482,000
-
Mobility
Harvard study says EVs to make up 32 percent of U.S. new car sales by 2030
-
Industry
U.S. effectively bars Chinese batteries for power grids, putting energy storage market on alert
-
Industry
U.S. midterm election nears as Korean battery makers face crossroads over AMPC tax credit defence line
-
Industry
Semiconductor export boom swells Korea budget, setting up September parliamentary clash
-
Industry
Global regulation outpaces plant buildout, speeding up Korean anode materials shift
-
Games & Commerce
Five game industry associations call for tax credit for game production costs
-
Mobility
Tesla runs out of California EV rebates in five days
-
Industry
Mega project to begin 353 trillion won investment this year; Lee says blitz over speed campaign
-
Mobility
Ford to launch sub-$30,000 electric pickup Fathom in 2027, take on Tesla
-
Industry
LG Energy Solution posts 113.3 billion won Q2 operating profit, down 77 percent year on year
-
Games & Commerce
Warning signs as game industry growth slows, calls for tax credits for production costs
-
Industry
Tesla posts record Q2 deliveries but focus turns to profitability in results due July 22
-
Mobility
Honda, Tesla and Volkswagen join EV discontinuation rush in U.S.
-
Industry
Hanwha Q CELLS to handle EPC for largest U.S. solar and ESS complex