Washington, D.C.— Calculating the labor market impact of the recommendations contained in its Commanding Heights of Global Transportation report, SAFE’s proposals create 647,000 jobs sustained over the next 1-5 years, according to independent research commissioned by SAFE. This research was conducted by Dr. Robert Wescott and Keybridge Public Policy Economics.
“The auto sector is key to the industrial base of the United States. China’s intent, made clear by its Made in China 2025 plan and subsequent moves to control the supply chain for electric, connected vehicles, poses a grave threat to American leadership, jobs, and national security. America’s failure to compete aggressively, risks our swapping oil dependence for reliance on Beijing for the transportation that will power our economy in the 21st century,” said Robbie Diamond, President and CEO, SAFE.
“The jobs effect is clear: Competing aggressively with China for EV and AV leadership includes a significant net creation of American jobs in the industries of the future. Tepid competition will render our industrial base and its workers weakened and vulnerable,” Diamond added.
Released today, The Commanding Heights of Global Transportation: Quantifying the Employment Effects shows SAFE’s recommendations will create 647,000 jobs, including:
- More than 270,000 jobs through investment in transportation manufacturing grants and tax incentives alone.
- Nearly 154,000 jobs through incentives that make it cheaper to buy medium- and heavy-duty electric vehicles, like trucks and buses.
- 108,000 jobs by advancing next-generation transportation—such as autonomous vehicles—and semiconductor technology.
- 28,000 jobs through developing a critical minerals supply chain and refining that is not controlled by China.
- More than 29,000 jobs through measures to expand U.S. charging infrastructure and energy storage.
The study was conducted independently by Keybridge Public Policy Economics.
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SAFE enhances the nation’s energy security and supports our economic resurgence and resiliency, by advancing transformative transportation and mobility technologies and ensuring that the United States secures key aspects of the technology supply chain to achieve and maintain our strategic advantage.
In partnership with the Electrification Coalition, SAFE’s sister organization, we work with consumers, businesses, and policymakers, to launch award-winning “real-world” programs and enable the needed polices to accelerate transportation electrification around the country to reduce our Nation’s dependence on oil.
About Keybridge Public Policy Economics
Keybridge is a boutique economic and public policy consulting firm. Founded in 2001, Keybridge’s mission is to be the most trusted source of analysis and advice on issues at the forefront of public policy economics. We serve as economists, policy experts, and strategic advisers to a diverse clientele that includes Fortune 500 companies, global financial firms, leading trade associations, non-profit organizations, federal government agencies, and other institutions that operate at the intersection of economics and public policy.