The ‘Electric Vehicle Impact Assessment Report 2020-2040’, commissioned by CLEPA and performed by PwC Strategy&, assesses the impact of electrification on powertrain employment and value creation across the EU and individual Member States.
The study answers three guiding questions about the impact of the electrification transition on the automotive supply industry:
- What is the impact of different powertrain technologies and component requirements on value-add1 for automotive suppliers in Europe?
- What is the corresponding effect on employment for automotive suppliers in Europe?
- What would a mixed technology, an EV-only or a radical EV-implementation scenario mean for climate targets, value-add1 and employment for automotive suppliers in Europe?
This is a first of its kind study, weighing the impact of three different market scenarios, specifically for powertrain employment and value-add among automotive suppliers, giving the actual transformation a much more granular view.