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There Will Be Jobs in the Electric Vehicle Economy

Opportunities for skilled and unskilled workers will grow as the auto industry transitions to electric.

The Lordstown water tower in Lordstown, Ohio, U.S., on Saturday, May 15, 2021. Lordstown Motors Corp. is scheduled to release earnings figures on May 24.
The Lordstown water tower in Lordstown, Ohio, U.S., on Saturday, May 15, 2021. Lordstown Motors Corp. is scheduled to release earnings figures on May 24.Photographer: Dustin Franz/Bloomberg
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There is growing fear these days that the move to electric vehicles spells certain doom for a lot of low-skilled factory work. It mostly comes from the prediction, proffered by Volkswagen Chief Executive Officer Herbert Diess two years ago, that EVs will require 30% less labor than gasoline burners. He’s not alone, either.