Advanced Energy Economy engaged BW Research Partnership to examine the economic and job potential for development of the Electric Transportation (ET) industry in New York state, focusing on opportunities for businesses and workers to become involved in the automotive supply chain as the industry goes electric.
New York’s ET economy has two notable elements — a substantial electric component manufacturing sector and numerous corporate headquarters in New York City.
This study begins with an overview of the current ET supply chain, including the current number of jobs and businesses involved in ET, historical growth rates, and projections of near-term growth.
The research then discusses “Adjacent Industries and Occupations,” which are firms and workers that are generally not currently involved with ET goods or services but have characteristics similar to those that are. This analysis is useful in highlighting some industries that may benefit from increased demand for their products driven by the rise in ET.
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Take a peek into the report's key findings:
- 882 businesses with 4,200 workers were involved in ET-related activity statewide in 2019.
- 61 of the 62 counties in New York state have ET-related jobs.
- These jobs are diverse and can be found across the value chain.
- The Gross State Product (GSP) contribution of ET activity in New York state is estimated to be $487 million.
- Annual EV sales and market share have increased substantially across the state, but EV adoption remains lower than many other states.
- Workers in Adjacent and Support Industries are generally representative of the overall state workforce.
Projected ET Employment and Share of Electric Vehicles (EVs) Sales