Impact on Jobs and Trades with Shift Away from Fossil Fuel and Traditional Automotive Industries
- Minister Chan Chun Sing stated that the shift to low emissions mobility is not expected to cause significant job losses in Singapore, as the petrochemical industry remains relevant for various products and the specialty chemicals sector continues to grow in demand across Asia.
- Existing transport and maintenance workers are adapting to hybrid and electrified platforms, with the government supporting skill upgrades through initiatives like the Singapore Motor Workshop Association training facility to maintain electric vehicle components and charging systems.
- Singapore is actively growing the EV industry by attracting investments from companies like Hyundai, Borgwarner, Continental, and Infineon, which are expected to create job opportunities in advanced manufacturing, R&D, design, and software engineering.
- Government agencies will collaborate with companies, training providers, and unions to prepare Singaporeans for new roles in the transitioning mobility sector, ensuring a skilled workforce for the future.