Siemens exits EV charging market

According to the Wall Street Journal, Siemens is to exit its electric vehicle (EV) charging points business, as demand and market development turned out weaker than expected. Despite a government plan to see one million registered electric cars on German roads by 2020, consumers haven't been keen about such vehicles. Last year for instance, only 4,157 e-cars were newly registered in Germany, bringing the total to 7,112.
September 4, 2013 Read time: 1 min
According to the Wall Street Journal, 189 Siemens is to exit its electric vehicle (EV) charging points business, as demand and market development turned out weaker than expected.

Despite a government plan to see one million registered electric cars on German roads by 2020, consumers haven't been keen about such vehicles. Last year for instance, only 4,157 e-cars were newly registered in Germany, bringing the total to 7,112.

"It's true that we're withdrawing from that business segment, because the e-mobility market has grown more slowly than originally expected," the company said in a statement. "Together with the staff council, we're currently looking for a solution as to where to employ the workers affected by the move."

The company emphasised, though, that it would continue to make so-called wall boxes for recharging e-cars privately at home. It would also continue research on inductive, that is, cable-less charging techniques.

For more information on companies in this article

Related Content

  • Connected vehicles take modern spin on an old classic
    February 13, 2024
    How do we transition the millions of vehicles on the world’s road to a connected and - one day - automated future? Andy Graham of White Willow Consulting highlights an intriguing pilot which sought to make some of the UK’s oldest vehicles connected – using just a phone
    Read More
  • Winners in electric vehicle batteries
    July 13, 2015
    According to market analyst IDTechEx, which tracks the development of 45 electric vehicle categories and not just electric cars, there are now lithium-ion battery options for everything from forklifts and mobility vehicles for the disabled to e-bikes. Indeed, almost all the e-bikes in the West and Japan use them. 8000 forklifts in the USA have fuel cells with lithium-ion batteries though the Toyota Mirai fuel cell car and the Prius hybrid car still use NiMH. Whilst capturing market in micro hybrid cars,
    Read More
  • Rio’s TMC rises to Olympic challenge
    October 27, 2016
    Timothy Compston lifts the lid on Rio de Janeiro’s preparations for keeping its transport systems moving during the Olympics – and the outcome. Hosting the Olympics poses major traffic management challenges for any city and Rio was no exception – especially as it is already one of the world’s most congested cities. Beyond its normal 6.5 million inhabitants wanting to carry on their daily lives, in August Rio was also home to 11,300 athletes from 206 countries. Athletes who, without fail, had to reach their
    Read More
  • Traction motors for electric vehicles change radically
    February 26, 2016
    According to Franco Gonzalez, senior technology analyst, IDTechEx, there are about 200 companies making traction motors for electric vehicles, rather like the 200 making the lithium-ion batteries that increasingly power them. However, whereas three types of lithium-ion battery chemistry and construction are taking almost all of the business, with traction motors the situation is much more complex because the diversity of needs calls for many very different types of motor from brushless out-runner motors for
    Read More

Highlighted Content