Auto Suppliers Just Realized EVs Will Cost Them Jobs

The Motor & Equipment Manufacturers Association (MEMA) has informed a Senate Commerce subcommittee on transportation that the Biden Administration’s penchant for electric vehicles is starting to get under its skin. The union is recommending that the United States avoid setting any timeline for the proposed banning of internal combustion vehicles because it might cost a staggering.

Auto Suppliers have realized that electric vehicles are becoming more and more popular. The benefits for auto suppliers of EVs is clear. It’s time to start including electric cars into planning our dealership portfolio.

Auto Suppliers have just recently realized that the trend in the marketplace towards more environmentally friendly goods has passed them by. Even if they want to jump on the bandwagon and sell an electric vehicle, as soon as another automaker offers a competing model, their inventory of electric vehicles quickly becomes obsolete.

New technology auto suppliers are starting to realize the importance of electric vehicles. As they take a closer look, they are realizing that this new mode of transportation is becoming hugely popular with businesses all around the globe.

Automobile manufacturers are beginning to realize that electric vehicles could be the future of their business. Earlier this year, Volvo announced that all of its cars would have some form of an electric motor or hybrid system by 2019 in order to reduce emissions and address which field is seeing faster growth.

With the rise of electric vehicles, car manufacturers are spending less money on gas and more on electric batteries. To keep up with this shift, auto suppliers have followed suit and started investing in assembly lines to focus on EVs. General Motors recently announced that it will spend $69 billion over the next 20 years to make sure that EVs are profitable for their brand.

To those who are unfamiliar with electric vehicle sales, auto suppliers have priced electric vehicles out of the market. However, this changes abruptly as many suppliers realize that this change in demand is a huge opportunity. Those market analysts predict that although it will be slow at first, the number of EVs will ramp up significantly as time moves on.