Germany Car Industry to Shed 75,000 Jobs as EVs Come

That's how many jobs will go by 2030, with car parts suppliers suffering the strongest blow, unsurprisingly. Right now, German carmakers employ a total 840,000 people, of whom 210,000 assemble powertrains. 

"Whereas it takes some 4,000 workers to assemble a million gasoline-powered engines per year, just 1,840 are needed to build the same number of electric motors, the study claims. And a battery factory requires only a fifth of the workforce when compared with an engine plant."

Of course, this forecast is based on an assumption of EVs making up 25% of all cars on German roads by 2030 but still, jobs will have to go. Not good news for Europe's biggest economy.

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