Predicted 40% Labor Drop in Electric Vehicle Industry

Jim Farley who is the current CEO and cousin to the late comedic actor Chris Farley, states this week that production of electric vehicles, require 40% less labor to build than producing the same number of fossil powered cars. This makes sense in the long run because electric vehicles are not outfitted with the intricacies needed to be powered by gasoline, making the eventual need for car builders and workers reduce worldwide. Once this market flourishes it will have simpler production and a smaller labor force.

The scenery is in all white including only one subject in a black colour walking across it.

However, workers shouldn't fear, Farley also said that he is planning on pushing the company into more of a vertical integration rather than lay off workers. Stating "...we have to in source, so that everyone has a role in this growth." According to the financial times.

This may not be the smoothest transition, Ford aims to reach 50% EV(electric vehicles) sales by 2030, most likely requiring an extreme shift in their labor to build EV vehicles. Retraining may ensure, so what happens when some workers refuse to retrain at a job they have been working for decades? Questions still unanswered.

So far at the end of 2021, Ford laid off 3,000 employees in their first round of layoffs, what will become of those same employees in 2023? Questions we will be following right here for the convenience of our audience.

Image from the perspective of just behind the shoulder of someone driving a car, the window opens to flashes on light implying that the speed at which the car is going is extremely fast.