EV Economy to Create Jobs, Contrary to Existing Fears
Although the electric vehicle (“EV’) sector currently makes up a small percentage of total vehicle sales, it is poised to experience exponential growth over the next couple of decades. Several countries around the world have pledged to cut emissions from vehicular transport by steadily replacing the internal combustion engine (“ICE”) vehicles on their roads with zero-emission electric cars. But as EV startup companies and established automakers prepare their facilities in readiness for ramped-up EV production, there have been increasing fears about low-skilled factory workers losing their jobs. After all, electric vehicles have fewer components compared to conventional vehicles, and as…
