{"id":49564,"date":"2024-07-25T10:47:55","date_gmt":"2024-07-25T09:47:55","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=49564"},"modified":"2024-07-25T10:47:55","modified_gmt":"2024-07-25T09:47:55","slug":"uk-accelerates-electric-car-production-amid-industry-challenges-says-smmt","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/uk-accelerates-electric-car-production-amid-industry-challenges-says-smmt\/49564\/","title":{"rendered":"UK accelerates electric car production amid industry challenges, says SMMT"},"content":{"rendered":"
Recent figures from the Society of Motor Manufacturers and Traders (SMMT) reveal a 7.6 % decline in car production during the first half of the year, with factories producing 416,074 units, 34,094 fewer than the same period last year.<\/p>\n
This drop is primarily attributed to manufacturers retooling production lines to accommodate electrified models, reflecting the substantial \u00a323.7bn investment made in the sector last year.<\/p>\n
Despite the decline in overall production, the focus on electric vehicle manufacturing remains strong.<\/p>\n
In the first half of the year, electrified vehicle production, including battery electric, plug-in hybrid, and hybrid models, also fell by 7.6%, mirroring the overall trend.<\/p>\n
However, these vehicles still constitute a significant portion of the output, representing 37.8% of total production, unchanged from the previous year.<\/p>\n
While domestic car output for the UK market saw a 17.7% increase, reaching 106,157 units, it was insufficient to counterbalance a 13.9% drop in exports.<\/p>\n