In addition to what's been said above, it is HIGHLY unlikely that you would be injured even if you did cut the electrical cables. That notion follows from the idea that electricity is some kind of magic vapor that kills you if you touch it. The electricity will ONLY pass through you if it has a good path to get to an area of lower potential. So, for instance, if you touched the body of the car and the positive power cable, you may get electrocuted. May. (Depending on where you touch the car and stuff.)
However. Electrical current flow likes to take the easiest path - so, if for instance, you had a rubber-handled metal device, and touched the body of the car while cutting the positive power cable, you have one path from the cable, to the metal tool (which conducts well) to the body and possibly the frame or something. This is a relatively easy path for the current to take. The alternative is to travel up the tool (easy), through the rubber or plastic grips, (hard) through your skin (hard), through your blood, (somewhat easy) through your skin again (hard) and then into the body of the car.
Basically, the only circumstance that you will get electrocuted is if you provide a path for the current to flow from the positive to ground, AND if that path is the only path or at least a path of somewhat comparable resistance.
For instance, the path through the jaws of life, directly into the metal that you are cutting into, probrably has a resistance of 1 to 10 ohms. (I'm guessing, it will depend on what exactly the jaws of life are made of and the path through the body/frame to the battery.) For comparison, the path through your body is a couple dozen thousand ohms, and through the rubber or plastic grips on the jaws of life (and gloves) is probrably going to be anywhere between 20,000 and 100,000 ohms.
So, you're looking at, say 100,000 ohms, versus 10. By Ohm's Law, 10,000 times as much current will go through the direct route as will go through the person. So, you get about 144 nanoamperes flowing through your frail form. In other words, unless you are the ONLY path to the ground, (unlikely since you are cutting through metal with the metal jaws of life at the time) you are going to get less of a shock than you get from holding a watch battery.
Of course, that does not apply if you are the only path to ground, which again, is not likely in the jaws of life scenario. The jaws of life, however, will pass a lot of current, and they'll probrably melt and fuse on the cable. So I guess in THAT sense your chance of survival may be hindered if the Jaws of Life get destroyed.