UK car output falls nearly 12% in May on EV transition, says industry body

admin admin | 06-27 16:30

Production of EVs has successively grown as giants like Nissan and Jaguar Land Rover-owner Tata Motors have poured in billions in the UK to ramp up EV plans as the country attempts to reach net zero by 2050.
Britain's car output fell by 11.9% year-on-year in May, falling for a third straight month, as manufacturers wound down existing models and more plants transitioned to electric vehicle (EV) production, industry data showed on Thursday.

A total of 69,652 cars rolled off production lines in May, compared with 79,046 in the same period last year, the Society of Motor Manufacturers and Traders (SMMT) said. April production volumes were down by 7%.

Electrified vehicles, including fully electric models, plug-in hybrids and full hybrids, represented almost two-fifths, or 38%, of all output, up by 3 percentages points compared with May 2023.

Manufacturers produced a combined 26,475 units of EVs in May.

Production of EVs has successively grown as giants like Nissan and Jaguar Land Rover-owner Tata Motors have poured in billions in the UK to ramp up EV plans as the country attempts to reach net zero by 2050.

Ahead of the UK general elections on July 4, the SMMT had set out priorities in the sector for the next government, including backing British manufacturing and attracting green investment through an industrial strategy that guarantees affordable and sustainable energy, and new skills.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Ola Electric responds to ARAI notice, says prices of S1 X 2 kWh scooter unchanged

Ola Electric provided an invoice dated October 6, showing a INR 5,000 discount given to customers, a...

Hyundai Motor IPO’s off to a slow start

Around 35% of the total shares in the offering are reserved for retail investors, while QIBs and NII...

Under fire, Ola Electric taps EY India to get back on track

Close to a dozen executives from EY came on-board at Ola Electric a few weeks ago on deputation for ...

Tata Motors secures 5-star BNCAP safety ratings for Nexon, Curvv, and EV models in latest crash tests

Tata Curvv.EV BNCAP testTata Motors did it again! Tata Motors has once again secured 5 star rating i...

India needs to step up manufacturing to meet Viksit Bharat goal: Volvo Grp India MD

Volvo Group India Managing Director and President, Kamal Bali. The manufacturing sector is a weak li...

Dollar pullback to help Indian rupee, weak risk appetite to weigh

Investors are now nearly certain that the U.S. Federal Reserve will deliver a 25-basis-point rate cu...