Focusing exclusively on electric vehicles in the coming years would lead to the loss of half a million jobs in Europe.
This is what emerges from a study that Clepa, L’European association of automotive suppliers entrusted Pwc to assess the impact of the Green Deal in the sector for the next 20 years. According to the various scenarios hypothesized by the study, accelerated electrification is essential to achieve climate goals, with a high market share for electric vehicles by 2030 at least 50%. The study predicts that in the electric vehicle-only scenario, 70% of the impact on employment will be felt already in the period 2030-2035 and confirms that the opportunities of electric vehicles depend on the creation of a deep supply chain of the batteries of the EU, the timing and probability of which are still uncertain.
226,000 new jobs are expected in the production of propulsion systems for electric vehicles, but 275,000 total jobs in the sector will be lost (-43%) between now and 2040. In fact, 501,000 jobs for auto suppliers in the production of internal combustion engine components are expected to become obsolete if the technology is phased out. by 2035.
About of half a million jobs, 70% (359,000) will most likely be lost in just 5 years from 2030 to 2035, highlighting the limited time frame to manage significant social and economic impacts. On the other hand, by integrating electrification, a mixed technology approach that allows the use of renewable fuels could reduce emissions of CO2 by 2030while maintaining jobs and creating added value “The study highlights the risks of a purely electric approach to the livelihoods of hundreds of thousands of people who work hard to provide technology solutions for sustainable mobility. Since automotive suppliers are responsible for most of the manufacturing employment in the automotive industry, it is crucial to put jobs with automotive suppliers at the fore in managing the social and economic impact of the transformation, ”says Il general secretary of the Clepa, Sigrid de Vries. Finally, the study shows that up to € 70 billion (70%) of the value creation related to electric powertrains will be linked to the processing of battery materials, the production of cells and cell modules and the assembly of battery systems.
L’technological openness offers industry the time needed for the transition, while mitigating the social distress often associated with sudden changes, without compromising the climate. A planned and thoughtful transition consisting of a blended technology approach keeps options open to adapt to new developments, be they technological innovations, geopolitical events or availability of resources and, at the same time, presents significant value creation opportunities in the automotive industry , one of the major European industrial assets.
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