Article written and supplied by SAP, Platinum Sponsors of MOVE America 2024 at the Austin Convention Center, 24-25 September, Austin, TX. Get more exclusive insights from SAP at the event and make sure you meet them there.
Job creation indicates a surge in technical and skills trade work to support EV and renewable energy sectors by 4.2% over the past year, twice as fact as the U.S. economy overall.
With companies scaling back their programs to support the growth in Electric Vehicles (EVs) the need for advanced systems to develop these technologies is on the rise, supported by a high level of job creation YoY for the talent and skills necessary to create these products. So says Bill Newman, Industry Executive Advisor for Automotive at SAP.
“While companies are retooling their program schedules in the wake of ebbing consumer hype for EVs, there is no end in sight to the need for engineering and systems talent as well as skilled trade workers to support the growth expected long-term in the EV and renewable market,” Newman suggests.
Newman’s comments come as data released on August 29 from the Department of Energy that shows clean energy jobs in EV and renewable sectors, as well as solar and wind, grew 4.2% last year, twice as fast as the U.S. economy overall. These jobs also accounted for 56% of those created by the energy sector according to several outlets covering the DOE release.
In a recent Automotive News article, Newman considered the need for talent across all levels of the organization citing “complexity, technology and speed of change, and displaying what is possible in the realm of leadership development” according to the article.
One bright spot in the EV world is the consistency of technology advances in the Commercial Vehicle and Heavy Equipment space, where some vehicle makers have been electrified for decades.
“All of these industry segments play a key role in the overall development of talent and the modernization of enterprise systems to take the industry forward. Different segments will lead at different times, despite what media pundits may say,” Newman observes. “Sometimes you need to ignore the hype and get behind the headlines to what is really happening in the industry.”
Don’t forget to catch SAP as the Platinum Sponsors at MOVE America 2024 at the Austin Convention Center, 24-25 September, Austin, TX.
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