The analysis suggests that Trump's potential policies, including the repeal of fuel efficiency regulations and changes to EV subsidies and import tariffs, could further slow EV sales.
This trend could negatively impact Korean battery manufacturers such as LG Energy Solution, Samsung SDI, and SK On, which have significant investments in U.S. battery production facilities.
"If Trump regains power, Korean battery companies are likely to be more affected than Korean automakers," said Han Byung-hwa, an analyst at Eugene Investment & Securities. "Companies building or expanding large-scale battery plants in the U.S. could face setbacks."
The report predicts U.S. EV sales to reach 1.77 million units this year, growing annually by about 1 million units to 7.17 million by 2030. These figures are 9 to 12 percent lower than previous forecasts, attributed to a temporary demand stagnation and the impact of high global interest rates.
