EVs Could Be a Job Killer for Japan’s Biggest Industry

The video discusses the shift in focus from trade wars to electric vehicles (EVs) and its impact on the automotive industry. It highlights the challenges faced by small manufacturers due to reduced demand for specialized parts and the resulting job losses. Larger companies are adapting by investing in new technologies and sectors, while smaller ones struggle due to limited resources. The video also covers the role of public policy in promoting EVs, with Japan considering electrifying all vehicles by 2050. However, the need for retraining and economic support for affected workers remains a concern.

What challenges do smaller companies face in adapting to the shift towards electric vehicles?

What role does public policy play in the promotion of electric vehicles in Japan?