Human capital readiness to meet resource demand for the electric vehicle sector ⭐

By Sanjay Srivastava With the growth in the electric vehicle sector, human capital too is a resource that is witnessing a surge in demand. As the world’s EV man, Elon Musk, famously said, “I encourage all manufacturers to offer more electric automobiles; it’s a wonderful thing. This is what will enable mankind to attain a sustainable transportation future.” Electric vehicles are being hailed as the new saviour to lower global carbon emissions and as a messiah to be employed in combating climate change. According to the International Energy Agency’s Global EV Outlook study, global sales of electric vehicles will increase exponentially in 2022. With 2 million vehicles delivered in the first quarter, which is 75 per cent more compared to the same period in 2021, the trend reflects the future of electric vehicles globally. This brings us to the question that has been brewing in most boardrooms of EV aggregate manufacturers: “How can we establish a more streamlined EV business to meet the market potential and demand, with limited human capital possessing adequate expertise and experience in...