

Fossil fuel based industries die. It just is what it is. The good news is that this happens once and right now the boomers are retiring. So the job market will not be horrible. But it is also important to understand that 30% of cars made in Germany are already fully electric. The industry seems to be able to survive the transition pretty well.
That is not the case for some other countries and companies though. Stellantis looks set up for a blood bat as do the Japanese.



















The problem is not that those companies did not see the EV transition or failed to act on it, but that EVs have fewer moving parts and that means a lot of the factories and skilled workers those companies have are no longer required. Even worse EVs just require fewer workers in total and those are also by enlarge different skillsets. So smart companies just close down old combustion engine factories and open up new EV factories with fewer workers.
The German car industry will be mostly fine. 30% of the cars made in Germany are BEVs already and they are pretty competitive. Another way of phrasing it is, who else is going to lead? The only car companies doing somewhat well are the Chinese and Hyundai. Then you are already at the three large German car makers.