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

  • ITS advancement lays beyond benefit-cost analysis
    May 29, 2013
    Shelley Row, former Director of the US Department of Transportation’s ITS Joint Program Office, gives her views on the way forward for the industry. We, as intelligent transportation system (ITS) proponents and engineers, tend to be overly fixated on benefit-cost data. We want decisions to be made on logical grounds for which benefit-cost calculations are optimal. While benefit-cost data is necessary, it is not always sufficient. We can learn from our history where we see three broad groups of ITS deploymen
    Read More
  • Kapsch says US purchase will have world-wide impact
    June 3, 2014
    Peter Ummenhofer, head of the ITS Business Unit at Kapsch TrafficCom, discusses what the recent acquisition of US ATMS specialist Transdyn will mean for the company and the ITS sector. Even a brief perusal of Kapsch’s portfolio lends credence to the company’s assertion that it is more than ‘just a tolling systems and services supplier’. Over the past few years, the company has added road safety enforcement to its offering with significant commercial vehicle operations capabilities, including weigh in motion
    Read More
  • Big data helps San Diego optimise public transit
    July 14, 2014
    San Diego Metropolitan Transit System (MTS) has turned to Cubic’s big data subsidiary Urban Insights to make better use of its data, according to a report in Information Week. The agency has disparate data sources, including a smart-card payment system, GPS-based automatic vehicle location devices on buses, automatic passenger counters on trolleys, and extensive route and schedule information formatted in the general transit feed specification (GTFS) format developed by Google in 2006. "We look at all
    Read More
  • Car parking and parked cars need not be a technological black hole
    March 19, 2015
    David Crawford mines the potential of joined-up parking. Drivers conventionally see parking as an isolated, often frustrating, action; but collectively their attempts to find a space impact hugely on traffic flows. But new analyses of parking events look set to deliver real benefits to motorists and cities alike. Initiatives getting under way around the world are highlighting the advantages of connecting up parking events and – eventually - parked cars. The hoped-for results include not only enhanced urban
    Read More

Highlighted Content