German car industry transformation could cost 186,000 jobs by 2035, study finds
German Car Industry Transformation Could Cost 186,000 Jobs by 2035
Study Highlights the Need for a Just Transition to E-Mobility
Key Findings:
*
A study by the Institute for Labor Market and Occupational Research (IAB) found that the German car industry's shift to electric vehicles (EVs) could lead to the loss of 186,000 jobs by 2035.
*
The study found that the transition to EVs will particularly affect jobs in the production and assembly of combustion engines and transmissions.
*
The study also found that the job losses will be concentrated in regions with a high concentration of car manufacturing, such as Baden-Württemberg and Bavaria.
Policy Implications:
*
The study's findings highlight the need for a just transition to e-mobility that supports workers and communities affected by the shift.
*
Governments and industry stakeholders must invest in training and reskilling programs to help workers transition to new roles in the EV industry.
*
Policymakers should also consider measures to support regions that are particularly affected by the job losses, such as providing financial assistance for economic diversification.
Industry Response:
*
The German car industry has acknowledged the need for a just transition to e-mobility.
*
Major car manufacturers, such as Volkswagen and BMW, have announced plans to invest in EV production and create new jobs in the sector.
*
However, the industry has also called for government support to ensure a smooth transition and minimize job losses.
Conclusion:
The German car industry's transformation to e-mobility is a complex challenge that requires a coordinated effort from governments, industry, and workers. By investing in a just transition, policymakers can mitigate the negative impacts of job losses and ensure that the benefits of the EV revolution are shared by all.
