India's rapidly growing electric vehicle (EV) industry could become one of the country’s biggest employment generators in the next few years, with 30 million to 40 million jobs expected by 2030, according to talent solutions company Adecco India.
The report also mentions that the transition from internal combustion engine (ICE) vehicles to electric mobility is creating new skill sets in manufacturing, batteries, charging infrastructure, software and energy systems. The job market for EVs is expected to grow by a margin of 15-20% per year and so it’s an increasing source of job opportunities.
With millions of jobs in the EV sector, how can we create jobs?
According to Adecco India, around 10-15% of the projected jobs will be direct employment, while 85-90% could be indirect jobs created across the wider EV ecosystem.
Job opportunities are far from automobile manufacturing. As EV adoption increases among passenger vehicles, commercial fleets, electric two-wheelers and public transportation, companies will need workers across multiple areas of the value chain.
Battery production, charging infrastructure, energy management, vehicle software and recycling are expected to become important employment engines as India's EV ecosystem expands.
Specialised EV talent could earn 45% more
One of the most important results of the report is the possible salary advantage for workers with specialist EV skills.
Adecco India estimates that professionals with expertise in batteries, power electronics, software, charging systems and connected mobility could command salary premiums of up to 45% compared to employees working in traditional ICE-related roles.
The premium is an indication of a market shortage of professionals with specialized knowledge in electric mobility technologies for developing and operating them.
At present, well-rounded automobile engineering skills are still very important but companies need them to be able to combine automotive skills and electronics, software and energy systems knowledge.
Battery and charging jobs could be in great demand.
The report identifies battery manufacturing, EV infrastructure and the circular economy as among the fastest-growing areas for specialised talent. Specialised roles in these areas will grow fast as India's EV ecosystem develops.
This could create opportunities for engineers, software professionals, battery specialists, technicians, charging infrastructure experts and workers involved in recycling and energy management.
The growth of indirect employment is also significant because the EV transition will need an extensive supporting ecosystem including logistics, component suppliers, maintenance services, energy companies and technology providers.
EV Transition Revamping the job market in India.
India’s EV growth is therefore expected to alter not just the way cars are manufactured but also the skills employers wish to have. The next stage for the industry could be a more specialized one, for instance involving battery technology, software and energy systems to be employed rather than assembly line work.
Hiring is projected to grow 15-20% annually in the future and with the EV sector, the EV industry can be a big opportunity for workers seeking to learn to develop future technical skills.
By 2030, India’s electric mobility ecosystem might well play a key role in the country’s employment and green-economy transition.
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