Electric Vehicles may be 'the biggest change in the 100-year plus history' of the auto industry

 By 2025, UBS predicts that 20% of all new cars sold globally will be electric. That number is expected to jump to about 50% by 2030, and some experts predict 100% of all new cars will be electric by 2040.

“This is probably the biggest change in the 100-plus-year history of the industry,” Harley Shaiken, auto expert and professor at the University of California, Berkeley, told Yahoo Finance Live.

Haiken predicts tens of thousands of jobs could vanish across the car industry as automakers transition to EV, and he says the shift will impact everyone from engineers to factory workers.

“It takes fewer workers to manufacture an electric vehicle versus an internal combustion car — 30% to 40% less,” Shaiken said.