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

  • Sampo Hietanen: “Most likely you're going to be the ‘magnificent corpse’ out of all this”
    August 21, 2024
    From the pitfalls of being first in the market, to putting your effort into creating an ecosystem, and the difficulties in gaining critical mass, Sampo Hietanen tells Adam Hill how much he’s learned from the rise and demise of MaaS Global
    Read More
  • UK government reveals £400m EV charging network boost
    September 13, 2018
    The UK government is providing £400m to create an electric vehicle (EV) charging point infrastructure, in partnership with the automotive industry. UK prime minister Theresa May says the government will ensure charge points can be easily accessed and available at motorway service stations and other petrol stations. There will also be £1.5bn for the development of ultra-low emission vehicles (ULEVS). Speaking at the country’s first Zero Emission Vehicle (ZEV) Summit in Birmingham, May unveiled an ‘am
    Read More
  • Trust is the key, says Cubic’s Crissy Ditmore
    August 7, 2019
    Trust is the key to encouraging people to take up shared mobility and MaaS services, thinks Cubic Transportation Systems’ Crissy Ditmore. She tells Adam Hill why sharing must be the way forward Crissy Ditmore is on the move. Director of strategy at Cubic Transportation Systems since September last year, she lives in Boise, Idaho, but doesn’t see a great deal of the city as she is “90% of the time on the road”. This is appropriate for someone whose business is working out how to get people from place to p
    Read More
  • Olympic challenges in Sochi
    May 27, 2014
    Sporting events always create problems for traffic planners and none more so than the Winter Olympics. It is difficult to think of more diametrically opposite challenges for transport planners than the 2012 Olympics in London and this year’s Winter Olympics in Sochi: from a summer event in the heart of a megacity with well established transport infrastructure to winter games with unpredictable weather and events in remote and mountainous locations. The Winter Games are always a challenge and Sochi was no di
    Read More

Highlighted Content