"UAW Strike and Electric Vehicles: A Calculated Standoff"
Originally Published 2 years ago — by Business Insider
The recent UAW strike at GM, Ford, and Stellantis highlights the structural advantage enjoyed by electric vehicle (EV) leader Tesla. EVs have significantly fewer parts compared to gas-powered vehicles, resulting in fewer jobs in the industry. The rise of EVs will lead to a radical and painful transformation in the auto industry, as the simplicity and efficiency of EV manufacturing reduce the need for labor. While there may be environmental benefits to EVs, the primary driver of their adoption is their manufacturing efficiency. The UAW strike could cost traditional automakers up to $5 billion, exacerbating their existing disadvantage. Tesla, with its more efficient manufacturing process and lack of reliance on internal combustion engines, has already gained an advantage. The company continues to innovate, introducing technologies like Gigacasting to further streamline production and reduce the number of car parts, potentially leading to even fewer jobs.
