The transition poses significant financial, social, and political dangers in Germany, where automakers and component suppliers employ over 786,000 people. The announcement by ZF and Wolfspeed is particularly important for Saarland, where over a dozen automotive suppliers employ over 44,000 people to create items like as automatic gearboxes, diesel injection technology, and motor blocks.
While the German government has pushed for the transition to EVs, it has also worked to make the process as painless as possible for car sector employees. The nation is home to some of the world’s largest automakers and parts suppliers, and the government is determined to maintain the country’s status as a significant participant in the car industry. The agreement between ZF and Wolfspeed will not only generate employment for locals but will also assist to strengthen the local economy, which has been affected hard by the transition to EVs.
