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The EV Transition Explained: Reshaping Labor Markets

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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. Mercedes-Benz says it will be investing €1.3 Brian Cassella/Chicago Tribune/Tribune News Service/Getty Images. Ford, for example, has pledged to spend $525 million in the U.S.

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