Over one million new jobs are set to be created in the European electric car market by 2050, according to a new report from the European Association of Electrical Contractors (AIE).
The AIE study found full electrification of the passenger car market across the current 28 members of the EU would generate 1.2 million jobs. These would largely be associated with the manufacturing, installation, operation and maintenance of charging points and batteries, and electricity generation.
Significantly, if only 35 per cent of new cars registered in the EU28 in 2030 are electric, nearly 200,000 jobs would be created in the sector. This figure could more than double the number that could be lost in the traditional car market as a result of the electric vehicle revolution.