(Reuters) - Britain's vehicle production dropped nearly 12% to below one million units in 2024, data showed on Thursday, aligned with the industry's ongoing commitment to the shift towards electric
UK vehicle output ends 2024 below one million units, industry data shows
(Reuters) - Britain's vehicle production dropped nearly 12% to below one million units in 2024, data showed on Thursday, aligned with the industry's ongoing commitment to the shift towards electric vehicles.
Factories churned out a total of 905,233 units in the year, including cars and commercial vehicles, the Society of Motor Manufacturers and Traders said, representing an 11.8% year-on-year decline.
The UK auto industry has spent a majority of last year retooling its factories to produce more EVs under a strict mandate from the government, even as it struggled with weakness in global markets and other macroeconomic challenges.
The report added that UK car and light van production has the potential to surpass one million in 2028, if demand improves and zero emission model launches stay on track.
"Growing pains are inevitable, so the drop in volumes last year is not surprising," said SMMT Chief Mike Hawes.
Production volume of EVs, including battery electric, plug-in hybrid and hybrid vehicles, fell 20.4% to 275,896 units in the year.
However, SMMT said the expected decline will be temporary.
Britain's car production saw a consecutive ten-month decline since March 2024, with output down 27.1% to 45,022 units in December.
(Reporting by Yamini Kalia in Bengaluru; Editing by Krishna Chandra Eluri)
