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2w ago

German Electromobility Lobby Group BEM Files for Insolvency

The insolvency of the Bundesverband Elektromobilität, representing 450 companies, raises questions about the future of the sector despite signs of recovery in electric vehicle sales.

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Elektroauto. Ein blaues E-Auto von Volkswagen steht neben einer Ladestation, ein gelbes Ladekabel ragt aus dem Fahrzeug und aus dem Bild heraus
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Overview

  • The Bundesverband Elektromobilität (BEM) filed for insolvency on May 23, 2025, with proceedings overseen by provisional administrator Joachim Vogt-Salus.
  • The BEM represents 450 member companies, including Mitsubishi, Kia, and TÜV Rheinland, with a combined turnover exceeding €100 billion and one million employees globally.
  • The reasons for the insolvency remain unclear, though the financial struggles of the automotive industry, a key client base, are likely a factor.
  • Internal conflicts, including the departure of founding president Kurt Sigl last year, may have contributed to the organization's instability.
  • Recent data shows a 54% year-over-year increase in electric vehicle registrations in April 2025, signaling potential recovery in the sector despite these challenges.