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Pursuing Development of EVs Could Create Up to 1 Million Jobs by 2020

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california-electric460Management consulting firm PRTM said recently that building electric vehicles and the infrastructure for them could create a lot of jobs and a lot of money ($300 billion) during the next 10 years or so.

For example, the U.S. will benefit of 125,000 to 300,000 new jobs IF the government adopts more “concerted and aggressive efforts” to promote electric vehicles.

The predictions are based on the widespread adoption of the recently release Electrification Roadmap that estimates battery powered EVs and Plug-in hybrids making up 25% of new vehicles sales in the U.S. by 2020.

Creating electric cars would create new jobs and businesses that until now have stayed latent: battery suppliers, hydrogen distributors, service providers, manufacturers. Oliver Hazimeh, PRTM director, says that “The EV industry will probably serve as an accelerator for the scaling of the entire CleanTech sector worldwide, given the inherent size of the automotive industry.”

In some countries, electric cars are merely a dream or a joke, dreamed of only by rich movie stars and such. In essence, it’s good to know that the world is slowly but surely heading towards making electric cars viable to the regular Joe and that this will bring well-being for a lot of unemployed people out there.

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