Creating hundreds of thousands of jobs and adding more than €90bn to the European economy over the next 10 years is the EV charging sector’s promise if certain hurdles are cleared from the pathway of e-mobility in Europe.
Despite reports about slowing EV sales in Europe, the EV charging industry is expecting robust growth due to a steady increase in the proportion of electric vehicles in Europe.
The industry is expected to add €92bn to the European economy, approximately the equivalent of Luxembourg’s GDP over the next 10 years, according to an independent study by management consultancy P3, presented in Brussels on Thursday.
However, the economic impact of the charging industry cannot be compared to anything Europe has now.
The EU battery-making industry alone is expected to add 200,000 jobs by 2035, beyond the ones created by the charging infrastructure.
According to the study, battery-electric vehicles will represent 44% of passenger cars in the EU by 2035.
The necessary investment to charge all these vehicles will create a 545% total growth of the added value across the bloc, amounting to €92.4bn, according to the study.
The amount is slightly bigger than the necessary investment by 2030, which is about €80bn, according to French multinational bank Societe General.
Almost half of the added value by the EV charging sector (47.8%) is expected to come from electricity sales by 2035. Another 14.8% from hardware, planning and installing the chargers would bring 9.5% of the value, while more than 5% would come from smart charging with another, slightly more than 5%, from operation.
Employment in the charging sector is expected to rise substantially from the current 61,000, mainly driven by jobs in electricity sales, operation, planning and installing and hardware.
“We’re looking at 222,000 jobs by 2035. Roughly speaking, we are creating 15,000 jobs every year between now and 2035,” Mattera told Euronews Business, adding that the sector struggles to hire, as there is a serious lack of labour force equipped with the necessary complex set of skills, including electricians.
Post time: Jul-31-2025