In 2024, vehicle production in the UK saw a decrease of 20.4% in the manufacturing of battery electric vehicles (BEVs), plug-in hybrids (PHEVs), and hybrids (HEVs), culminating in a total output of 275,896 units. Overall, the production fell below one million units for the first time in years, influenced by factors such as the discontinuation of long-established vehicle models, a need for retooling towards electric vehicle production, and challenges in global markets that slowed down the electrification process. Despite the dip, electrified vehicles represented a substantial 35.4% of total outputs. A notable investment of approximately £23.5 billion over two years aimed to support this transition, with the Society of Motor Manufacturers and Traders (SMMT) expressing optimism for future growth as new electric models and enhanced battery production capabilities enter the market. The production outlook suggests gradual recovery, potentially reaching 839,000 units in 2025 and exceeding one million by 2028, contingent on improved market conditions and consumer confidence.
Sat Feb 08 2025 at 9:52