UK vehicle production fell below one million units in 2024, marking a significant drop since 2015.

UK vehicle production fell 11.8% in 2024, totaling 905,233 units, with car production down 13.9%. Despite a rise in commercial vehicles, overall output dropped below one million units for the first time since 2015. The decline is attributed to the shift towards electric vehicles, weak global markets, and economic challenges. However, the Society of Motor Manufacturers and Traders (SMMT) predicts a recovery, with investments of over £20 billion planned for electric vehicle production. By 2030, production could surpass 1.1 million units if global demand and economic conditions improve.