A new study by the Fraunhofer Institute for Industrial Engineering projects that up to 726,000 jobs in European automotive production could be lost by 2040.
The research identifies the maintenance of strict internal combustion engine bans as the primary driver of these potential losses, though the institute notes that even a compromise on EU emissions regulations would result in significant workforce reductions.
The findings arrive as major European automakers are already navigating severe structural challenges.
Volkswagen, for instance, is reportedly preparing for substantial job cuts as it addresses an existential crisis driven by high costs and shifting market dynamics.
The German carmaker is currently reviewing its production sites amid mounting pressure to streamline operations.
Beyond OEMs, the broader supply chain faces acute vulnerability.