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

  • Building back better after Covid-19
    February 17, 2021
    The Canadian Urban Transit Association has looked carefully at what’s required to put public transportation on a firm footing post-Covid: here are a few of the group’s recommendations…
    Read More
  • Study: Consumers do not understand vehicle safety features
    August 14, 2015
    A new study by the University of Iowa found that a majority of drivers expressed uncertainty about how many potentially life-saving vehicle safety technologies work. The survey also showed that 40 per cent of drivers report that their vehicles have acted or behaved in unexpected ways. The study, conducted by the University of Iowa Transportation and Vehicle Safety Research Division, examined drivers' knowledge of vehicle safety systems, as well as their understanding and use of defensive driving techniqu
    Read More
  • Automating enforcement of environmental zones
    July 27, 2012
    Amsterdam City Council has chosen to move away from manual enforcement of its environmental zone, which is intended to keep highly polluting goods vehicles out of the city centre, and is installing an automated, ANPR-based system. The signs are not much to look at: white with a red circle and the all-important word Milieuzone ('Environmental zone'). But these signs mean that Amsterdam's city centre is strictly off-limits to polluting goods traffic. At the moment compliance is monitored by special wardens wh
    Read More
  • Why integrated traffic management needs a cohesive approach
    April 10, 2012
    Traffic control is increasingly being viewed as one essential element of a wider ‘system of systems’ – the smart city. Jason Barnes, Jon Masters and David Crawford report on latest ideas and efforts for making cities ‘smarter’ Virtually every element of the fabric and utilitarian operations that make urban areas tick can now be found somewhere in the mix that is the ‘smart city’ agenda. Ideas have expanded and projects pursued in different directions as the rhetoric on making cities ‘smarter’ has grown. App
    Read More

Highlighted Content