Bosch: Electrical forecast and workforce reductions

Bosch: Electrical forecast and workforce reductions

The automotive supplier Bosch is predicting a shift in the market towards electric drives, despite the current weak sales of electric cars. Bosch boss Stefan Hartung emphasizes that electromobility is inevitable, although development is still sluggish due to market fluctuations and delays in various regions. The current share of purely electric cars in new registrations in Europe fell slightly last month, due to factors such as economic uncertainty and political changes.

Despite the current challenges, Bosch expects that 70 percent of all new cars in Europe will be purely electric cars by 2030. In China and North America it could be between 40 and 50 percent. Bosch also sees potential for powerful hybrid drives, which continue to be promising. The group's sales are expected to develop moderately this year, with the goal of achieving a higher operating return by 2026.

Compared to competitors like Continental, Bosch is currently in a more robust position and is also planning to deal with the challenges of switching from combustion engine to electric drives. The negotiations about workforce reductions and location closures show the willingness to adapt to changing market conditions. Bosch emphasizes the importance of a clear and stable funding policy to enable further growth in the area of ​​electromobility. Overall, sustainable investment in CO₂-efficient technologies is considered essential for climate protection, even if this is associated with high costs.