Currently, 37 million people work in the automobile industry. By 2030, the EV industry may add 10 million direct jobs, generating an additional 50 million indirect jobs in the same industry.
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This growth trajectory is accompanied by significant job creation opportunities. Currently, the automobile industry employs 37 million people in India. By 2030, the EV sector is poised to add 10 million direct jobs, along with an additional 50 million indirect jobs, according to Invest India’s projections. This surge in employment spans various sectors, including transportation, infrastructure, and energy.
Despite the emergence of new EV players, established corporations like Bajaj, TVS, and Honda Suzuki continue to leverage their existing distribution networks. Additionally, the influx of EV models from original equipment manufacturers (OEMs) such as Tata, Mahindra, and Hyundai will require the expertise of analysts and product designers. These OEMs are expected to introduce 30 to 40 new EV models by 2025, further driving demand for skilled professionals Employment Potential In EV Sector in the industry.
Furthermore, semiconductor companies like Intel are seeking engineers with specialization in electric vehicle powertrains. Engineering service providers (ESPs) like TataElxsi offer R&D services to support automakers, necessitating investments in modeling and testing resources.
The growth of the EV industry presents a ripple effect of opportunities for the job market. Skilling initiatives are crucial to ensure that the workforce is equipped to address the unique challenges and opportunities presented by EV technology. Investing in skill development not only fosters innovation and advancement but also enhances the efficiency and competitiveness of the EV sector as a whole.
There are currently skills gaps in the EV industry due to a number of difficulties. Among these difficulties are the following:
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