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

  • The Dutch revolution in smart EV charging
    October 18, 2016
    By turning itself into one huge Living Lab for Smart Charging of electric vehicles, the Netherlands aims to become the international frontrunner for smart charging EVs, using them to store peak solar and wind power production. Already 325 municipalities, including Amsterdam, Rotterdam, Utrecht and The Hague, have joined the Dutch Living Lab Smart Charging project, representing 80 per cent of all public charging stations. It is also supported by the Dutch government and has been joined by some The New Motion
    Read More
  • ITS sector must use less confusing industry terms says Q-Free
    December 23, 2015
    For ITS to gain the recognition it deserves, Q-Free’s Knut Evensen argues that the sector must have a coherent message and avoid confusing the wider community with a bewildering array of terms and acronyms. Any industry or group of people will develop its own lexicon over time. The process is near-inevitable, as individuals’ knowledge bases increase and evolve, and terms for common wisdom are created and become truncated, or even slang. A danger, though, as a relatively small group looks to admit large numb
    Read More
  • Machine vision’s image of road management’s future
    June 11, 2015
    Q-Free’s Marco Sinnema looks at how the commoditisation of high-quality vision-based solutions is widening their application. Machine vision technology’s entry into the ITS/traffic management sector has followed a classic top-down path. This is unsurprising given the extremely demanding performance criteria which are the standard in its market of origin, manufacturing processing. Very high image qualities combined with frame rates often in the hundreds per second range resulted in vision systems with capabi
    Read More
  • Hawaii backs road user charging to replace fuel tax
    August 7, 2019
    Fuel tax revenue in Hawaii is falling - and even in paradise, someone has to pay. Adam Hill talks to Hawaii DoT’s Scot Uruda about a major change in the way the state funds road improvements All over the world, governments, transportation agencies and local authorities are casting around for new forms of revenue as the money from taxes imposed on fuel begins to trickle away. Spending is outstripping tax take as a combination of more efficient internal combustion engines and the increasing take-up of cars
    Read More

Highlighted Content