Coming Bloodbath – Electrification Of Automotive Power-Trains To Wipe Out 114,000 German Jobs, New Analysis Shows
By P Gosselin on 7. December 2018
German business daily Handelsblatt here reports on a new study that suggests up to 114,000 German automotive related jobs could disappear should the switchover to electric mobility take place as planned.
According to research by the German Labor Market and Occupational Research Institute (IAB) and its publication titled “Electric Mobility 2035“, the study focuses on the economic effects of the phenomenon of electrification of the powertrain in automobiles (e-mobility).
The researchers find that over the long run, e-mobility will lead to a lower GDP and employment level, and that the change in technology may lead “to 114,000 job cuts by the end of 2035â€. The report adds: “The whole economy will lose about 0.6 % of the GDP. In the scenario we assume a share of only 23 percent of electric compared to all cars in 2035.
Coming Bloodbath – Electrification Of Automotive Power-Trains To Wipe Out 114,000 German Jobs, New Analysis Shows
