UK Car Production Drops Amidst Transition to Electric Vehicles

UK car production experienced a decline last month, dropping 27% compared to the same period last year. However, this dip is attributed to the industry’s transition to next-generation electric vehicle production. Despite the decrease, over one-third of vehicles manufactured in March were eco-friendly petrol alternatives. International exports accounted for more than six out of ten cars manufactured, with European Union countries receiving the majority of shipments. Despite the monthly decline, Q1 production remained positive with a 1.1% increase compared to the previous year.

Car Production Declines in March as Factories Adjust for New Models

UK car production experienced a decline in March 2023, with the number of cars built falling by 27% compared to the same month last year. This decrease is primarily attributed to factories adjusting for the production of new models, particularly electric vehicles. Despite the decline, electrified vehicle production continues to grow, constituting over a third of total production.

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