Car production in the UK decreased by 15 in October%

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Car production in the UK decreased by 15 in October%
November 28th. /MEDIA TALK/. According to the Society of Automobile Manufacturers and Sellers (SMMT), the volume of automobile production in the UK decreased by 15.3% in October, 77,484 cars were produced. The decline has been ongoing since March 2024. Among the reasons, experts cite a general decrease in demand against the background of the transition of enterprises to an environmentally friendly production model. A third of the products produced in October were battery-powered electric vehicles, and another third were hybrid electric vehicles.

In 2023, British manufacturing companies invested more than 20 billion pounds to re-equip their facilities for the production of electric vehicles. In 2028, it is planned to produce one million cars of high ecological class.


Photo: ru.freepik.com

According to experts, in order to maintain the competitiveness of the British automotive industry in the global market, an industrial and trade strategy is needed for the entire automotive sector, which will include the construction of car factories near the points of sale of products and subsidizing high energy costs of enterprises.

Recently, we told you that the level of the UK national debt has reached 100% of GDP.
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