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The EV Transition Explained: Reshaping Labor Markets

Cars That Think

The automaker has already begun idling auto plants and is warning of future closures to pay for its transition to EVs and to try to keep EV prices affordable. For example, Daimler AG and Audi reportedly have eliminated 20,000 jobs, while auto supplier Bosch will be laying off 1,000 workers in a move to support vehicle electrification.

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