The electric vehicle market is growing rapidly, making up nearly 18% of global car sales as of last year. In the US, about 30% of Americans consider buying an EV, with analysts predicting a $990 billion industry by 2029.
A recent survey by FlexJobs found that 69% of workers believe CEOs are overpaid, and 74% of companies surveyed plan to raise prices due to tariffs imposed by the Trump administration. Many businesses are responding with hiring freezes, delayed raises, layoffs, and even moving manufacturing back to the US.
However, some companies are shifting their focus to cybersecurity concerns, particularly in IT support, software development, and customer service. This trend may lead to replacing skilled US workers with offshore employees, raising questions about global workforce shifts.
As businesses navigate these challenges, one thing is clear: the electric vehicle market, tariffs, and cybersecurity concerns will have a significant impact on the business world.
Source: https://www.nhbr.com/take-5-electric-vehicles-tariffs-and-cybersecurity