Study predicts electric car boom: hundreds of thousands of jobs at risk.. As of: March 31, 2024, 6:01 p.m By: Markus Hofstetter CommentsSplit European manufacturers are losing ground to China in the electric car market.

According to a recent study, this could cost a quarter of a million people their jobs in Germany. The automotive industry is the backbone of the European economy. It accounts for six percent of economic output. It employs a large number of people in Europe, with 6.5 million direct jobs.