There Will Be Jobs in the Electric Vehicle Economy
The Lordstown water tower in Lordstown, Ohio.
Photographer: Dustin Franz/BloombergWelcome to the Hyperdrive daily briefing, decoding the revolution reshaping the auto world, from EVs to self-driving cars and beyond.
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 and a half years ago, that EVs will require 30% less labor than gasoline burners.