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

  • Enforcement needs automation and communication
    February 1, 2012
    TISPOL's Peter van de Beek questions whether the thought processes which drive enforcement technology development are always the right ones. Peter van de Beek sees an ever-greater role for technology in traffic enforcement but is concerned that the emphasis of technological development and discussion is not always in the right places. 'Old-fashioned' face-to-face policing remains as valid as it ever did, he feels, but adds that there should be greater communication with those engaged at the sharp end of saf
    Read More
  • ARTBA president: what happened to the hoverboards?
    October 28, 2019
    What keeps Dave Bauer up at night? David Arminas caught up with the head of ARTBA at his Washington, DC office during daylight hours Dave Bauer doesn’t really have many sleepless nights. He might sleep, though, with one eye open, just in case. “We have become a much more divided country politically,” says Bauer, president of ARTBA – American Road and Transportation Builders Association. “Whether you are thinking about federal government, or state or local government, there’s a hostility now in our politi
    Read More
  • More thought needed on ITS privacy and data protection
    February 27, 2012
    It's long been the case that policy should drive technology and not the other way round.
    Read More
  • Cross referencing data sets reveals now decision support information
    November 18, 2014
    Combining previously unrelated sets of data can provide an in-depth view of travel patterns. "Through the use of analytical tools, Urban Insights seeks to help transportation organisations benefit from the vast amounts of detailed data they collect every day.”
    Read More

Highlighted Content