Transition to Electromobility Slows Down

Labor demand in the German automotive industry has hit a low. The number of job ads in October 2024 was 53 percent lower than in August 2023. In December 2023, companies focused on electromobility advertised almost twice as many vacancies as those focused on combustion engines. This difference has now been reduced to 41 percentage points. These are the results of an analysis of around 1.6 million job ads from almost 2,400 companies in the German automotive industry published in the new EconPol Forum.