BEVs drive production surge

Battery electric vehicles made up 40% of all new cars produced in the UK in October, according to The Society of Motor Manufacturers and Trader.

BEV production rose 52% in the month, driving up overall car growth of 31.6% to 91,512 units.

Meanwhile, UK commercial vehicle (CV) production returned to growth last month, rising 47.1% year on year with 12,853 vans, buses, trucks, coaches and taxis entering the market.

Mike Hawes, SMMT Chief Executive, said, “These figures, coming on the back of a series of significant investment announcements, signpost a bright 2024 for the UK automotive sector. Government and industry are committing billions to transform the industry for a decarbonised future. Last week’s publication of an Advanced Manufacturing Plan and Battery Strategy, the announcement of permanent full expensing in the Chancellor’s Autumn Statement and the £2bn commitment government has made to advanced automotive manufacturing, underscore the increasing competitiveness of the UK. Automotive remains one of the country’s most critical industries, delivering jobs, productivity and economic growth across the country.”

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