Management consulting firm PRTM says that the “tipping point” in worldwide acceptance of electric vehicles will come within the next few years and that the global electric battery-EV value chain is likely to be approximately US$300bn by 2020-creating more than 1m related jobs.
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According to PRTM, these jobs will be created across the EV value chain at energy providers, smart grid technology firms, battery and component suppliers, vehicle OEMs and service providers.
Oliver Hazimeh, director at PRTM and head of the firm’s global E-mobility practice, said: “The anticipated measures relating to electric vehicles will clearly fuel jobs growth in the US and abroad over the next decade.
“Job creation is clearly essential to economic recovery, and public/private partnerships across the EV value chain will assist in creating these new jobs. Many of them will be desirable, high tech jobs.”
“Moreover, we believe that the worldwide tipping point in EV acceptance, whereby EVs become the dominant direction in the auto sector, will likely occur in the next few years. This means that the EV industry will probably serve as an accelerator for the scaling of the entire ‘clean tech’ sector worldwide, given the inherent size of the automotive industry”
