Half a million jobs would be at risk under EU plans to effectively ban combustion-engine cars by 2035, according to European auto suppliers, the latest in a series of stark warnings about the costs of a rapid transition to emissions-free technology.
More than two-thirds of those 501,000 roles would disappear in the five years before that date, according to a poll of almost 100 companies for the European Association of Automotive Suppliers, Clepa, making it difficult to mitigate the “social and economic impacts” caused by mass unemployment.
But the survey by PwC also found that 226,000 new jobs would be created in the manufacturing of electric parts, reducing the net number of job losses to approximately 275,000 over the next couple of decades.