SMMT - Vehicle production dips amid EV transformation and intense market pressure

Society of Motor Manufacturers and Traders Limited (SMMT) South Korea Canada France Germany Spain United States of America United Kingdom England Japan Turkey Australia Israel

British vehicle production slips -11.8% to 905,233 units in 2024, with cars down to 779,584, as industry continues transformation to EV production.4.0% growth in commercial vehicle production fails to offset -13.9% decline in car output.Potential to surpass one million cars and light vans in 2028 if markets improve and model launches stay on track.Sector calls for government to fast track industrial and trade strategies for automotive manufacturing.View original content:https://www.prnewswire.co.uk/news-releases/smmt---vehicle-production-dips-amid-ev-transformation-and-intense-market-pressure-302361850.html