Know all about the evolution of the EV sector and the current scenario for new entrants who wish to join this field in the near future.

The Evolution of the EV Industry and What It Means for Fresh Entrants

By Taggd

November 16, 2021

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5 min read

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Introduction

Know all about the evolution of the EV sector and the current scenario for new entrants who wish to join this field in the near future.

The job market around EV and automobile sector offers exciting opportunities for young job seekers. EV can prove to be a game-changer; all it needs is sufficient human resources in research and development and manufacturing.

The Revolution in the Automobile Sector

Electric vehicles are believed to be the next big thing within the automobile sector due to global warming and climate change. Compared to 2018, the sale of electric cars increased by 2.1 million worldwide, making the total count of the year to 7.2 million. Policymakers and government bodies are increasingly working to adopt EVs for public transportation and encourage citizens to do the same. Owing to this push, there will be changes in the automobile sector-specific to EV manufacturing when it comes to job generation. One must realize that when we talk about EVs, it is not limited to manufacturing electric vehicles. There are different components of the vehicle that can provide employment to electrical engineers, mechanical engineers, software engineers, and automobile engineers. Not only this, but there are also plenty of opportunities in research and development, production, sales, and marketing. Professionals or new entrants can also upskill themselves according to the needs of this sector. Further, it caters to different universities offering masters and diploma programs that are fresh, innovative, and tailored to fit the market’s demand. There are heavy investments flowing in the EV sector via big corporations.

Keeping Up with the Automobile Sector

The Internet has played a pivotal role in equipping people with the right kind of skills. There are enough courses available, and information about these courses is easily available and can help people access these courses. The job market around EV and automobile sector offers exciting opportunities for young job seekers. So, one doesn’t need to worry about a dearth of opportunities. All they need to do is find their competency and interest, hone that skill when they decide to jump into this field. The economy has drastically changed in the last few decades. The industrial sector has grown manifold, and the demand in manufacturing has also grown leaps and bounds. Automobiles have become a household need, and this industry needs to cater to the demands of the new market. Despite a dip in overall car sales globally in 2020, EV car registrations went up 41%. EV can prove to be a game-changer; all it needs is sufficient human resources in research and development and manufacturing. It can open new avenues, new supply chains for more players, which will increase employability in the sector. While it is challenging to predict immediate job opportunities, we can easily see about a million direct and indirect jobs generated due to EV in the next three to five years. This is an excerpt from Job Decoders Dialogues – The EV Chapter where Rajiv YSR, VP of ETO Motors, shares his views based on his rich professional experience working in the automobile sector, specifically working with EV branches and being involved in policy-making with government agencies. He is quick to highlight the importance of the workforce in the EV sector and how sufficient workforce and human resources carry the potential of transforming this sector.

By Taggd