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Europe's economic potential in the shift to electric vehicles

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<title>Europe's economic potential in the shift to electric vehicles</title>
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<dateIssued>2024</dateIssued>
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<abstract displayLabel="Summary">The automotive industry has been a stronghold of the European economy for decades but is now facing disruption from electric mobility. In 2023, the industry contributed $1.9 trillion in gross value added (GVA), with technology and car exports creating $620 billion in value. Electric mobility could add $240 billion to $300 billion in GVA in after-sales support and services by 2035. But based on current trends, European production value added could drop by $400 billion over the next decade</abstract>
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<topic>Automóviles</topic>
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<topic>Vehículos eléctricos</topic>
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