Published by Jessica Weisman-Pitts
Posted on October 29, 2024
1 min readLast updated: January 29, 2026
BERLIN (Reuters) – The transformation of the German car industry could lead to 186,000 jobs losses by 2035, of which roughly a quarter have already occurred, a study commissioned by the VDA auto industry association released on Tuesday showed.
BERLIN (Reuters) – The transformation of the German car industry could lead to 186,000 jobs losses by 2035, of which roughly a quarter have already occurred, a study commissioned by the VDA auto industry association released on Tuesday showed.
The 46,000 jobs already lost between 2019 and 2023 were due mainly to the transition to electric vehicles, according to the study conducted by research institute Prognos.
In its report, the VDA points to the loss of competitiveness in Germany due to the high price of electricity, tax rates and increasing red tape.
Volkswagen is threatening to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining plants, according to the company’s works council.
The fact is that we need a competitive location with the right political framework conditions so that as much added value and employment as possible remains in Germany and new jobs are also created,” VDA said in the report.
(Reporting by Christina Amann, Writing by Friederike Heine, Editing by Rachel More)
Job creation refers to the process of providing new employment opportunities, often driven by economic growth, business expansion, or new market demands.
The automotive industry encompasses all companies and activities involved in the manufacturing, design, marketing, and selling of motor vehicles.
Economic growth is the increase in the production of goods and services in an economy over a specific period, typically measured by GDP.
Employment opportunities are job openings available in various sectors that individuals can apply for to gain work and earn income.
The financial community consists of individuals and organizations involved in the management, investment, and regulation of financial assets and markets.
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