Will Electric Vehicle Manufacturing Mean Fewer Auto-Parts Manufacturing Jobs?
In 2021, 9% of the world's auto sales were electric vehicles, reports CNBC (citing statistics from the International Energy Agency). Yet CNBC also notes that electric vehicles "require 30% fewer parts and components manufacturing than conventional cars," according to researchers for an Industrial Heartland case study." So will that create problems in America's heartland? "Large swaths of the Midwest have economies based around the auto parts manufacturing trade...""When we look carefully at what goes on on the factory floor, it won't be less workers," Keith Cooley, former head of Michigan's Labor Department, told CNBC. "There will be different people building the cars." Researchers believe modern factory jobs will require more education and could be less available than they were in the past. They estimate that electric vehicles could require 30% less manufacturing labor when compared with conventional cars. "The lines that run to drive oil or gas around an internal combustion engine aren't going to be there," said Cooley. This change could hit the parts suppliers in the auto industry.
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