UK Car Production Increases by 14.6% in February, According to Industry Association
BollywoodFever, March 27: Britain reported a 14.6% increase in car production for February compared to the same month last year, buoyed by robust local demand, according to industry figures released on Thursday. T
he Society of Motor Manufacturers and Traders (SMMT) noted, however, that output could see fluctuations in the coming months as key automakers scale back production of certain LNG-powered models to pivot towards electric vehicle (EV) offerings.
In February, the nation saw 79,907 vehicles manufactured, up from 69,707 in the prior year, with the surge primarily fueled by a 58% rise in domestic demand, reaching 20,658 units.
Electric and electrified vehicle production constituted over a third of February’s total manufacturing, accounting for 29,038 vehicles. This figure, though significant, marked a slight decrease from January’s production of 29,590 units.
In a recent agreement, the UK and the European Union, which are pivotal markets for each other’s EV exports, decided in December that EV manufacturers would have until the end of 2026 to adhere to local content requirements, averting imminent tariffs on EVs exchanged between the UK and EU.
Amidst rising global competition and the race to adopt new models and technologies, SMMT Chief Executive Mike Hawes emphasized the importance of sustaining the UK automotive industry’s competitiveness. He urged for continued support from all political factions, especially in a year anticipated to see elections.
To date in 2024, the UK’s car production has increased by 17.8% to 162,904 units, marking the strongest start to a year since 2021, as per SMMT’s additional data.
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