Seizing Europe's e-Mobility Potential
Value pool
+EUR 200 billion
New jobs available
580,000
Automotive sector value-added
+16%
Electric cars on EU roads
63 million
Battery manufacturing
1.7 TWh
Europe’s e-mobility opportunity is now
Europe’s e-mobility transition is already happening fast, with acceleration ahead to 2035.
14.6%
up from just 1% in 2019
4.5 million
already on EU roads in 2023
will be costly
Europe’s e-mobility transition is not happening in a vacuum. Other regions – especially China – are disrupting the market and winning market share.
Europe must take bold steps forward now to seize its 2035 opportunity. Delaying the transition will hand the lead to others.
Five achievable outcomes from an all-in drive to 2035
E-mobility goes beyond the vehicle, with an entire ecosystem to be built.
THE OPPORTUNITY A full ecosystem approach will allow Europe to generate economic growth across all e-mobility sectors – from raw materials to batteries to renewable energy to smart grids to software. The massive flexibility of electric vehicles helps balance the European power grid and saves costs for consumers. THE THREAT TO TACKLE Focusing only on one area of e-mobility will overlook this wider potential, which must be delivered altogether
E-mobility is a high-value investment space, with significant potential for driving economic development.
THE OPPORTUNITY
An effective European industrial policy can maintain the upstream automotive sector’s EUR 1 trillion economic contribution by 2035, while securing EUR 300 billion additional dowstream value
THE THREAT TO TACKLE
Non-EU manufacturers are also working to capture market share. An offshoring of new EV investment risks up to 35% lower value added for Europe’s upstream automotive sector
E-mobility will create new jobs across skill levels – as well as reskilling options for the existing workforce.
THE OPPORTUNITY
Europe can create over 500,000 new jobs in battery manufacturing, charging infrastructure, parts, services, and more – while reskilling 2.4 million workers ready for the electric vehicle shift
THE THREAT TO TACKLE
Without a full e-mobility commitment, key new jobs will locate outside of Europe, with 800,000 existing jobs at risk in a worst-case scenario where Europe manufactures and exports fewer vehicles in 2035
E-mobility will lead to to the creation of revolutionary new technologies and business models.
THE OPPORTUNITY
Europe can stand at the forefront of global technology advancement through innovation in software and engineering, new battery chemistries, robust charging infrastructure, digital integration, and more
THE THREAT TO TACKLE
Achieving this leadership requires collaboration and innovation across Europe’s ecosystem, to avoid competing regions establishing new advantages
E-mobility creates the space for new sustainability leadership, where Europe can lead the way.
THE OPPORTUNITY
By acting early to onshore the e-mobility value chain, Europe will set high climate and environmental benchmarks from the start, to the benefit of its local ecosystem
THE THREAT TO TACKLE
Allowing the replacement of European production with more polluting imports will harm both the environment and economy together
a strong policy foundation
The European Union should:
