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The EV Revolution Could Create 20 Million New Jobs — Haley Zaremba

Summary:
The creation of new economic sectors is needed now more than ever as huge numbers of people around the world are out of work with limited prospects. As governments race to design stimulus packages, it could be tempting to fall back on tried-and-true economic sectors like fossil fuels, but the data simply is no longer there to back it. Forward-thinking jobs creation in sectors like electric vehicles and renewable energy is no longer an idealist’s dream--it’s the pragmatic choice.Sometimes it takes a crisis. OilpriceThe EV Revolution Could Create 20 Million New JobsHaley Zaremba

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The creation of new economic sectors is needed now more than ever as huge numbers of people around the world are out of work with limited prospects. As governments race to design stimulus packages, it could be tempting to fall back on tried-and-true economic sectors like fossil fuels, but the data simply is no longer there to back it. Forward-thinking jobs creation in sectors like electric vehicles and renewable energy is no longer an idealist’s dream--it’s the pragmatic choice.
Sometimes it takes a crisis.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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