By Paul Homewood
From the Telegraph:
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Britain’s car industry has suffered its worst January for two years amid concerns about sluggish demand for electric vehicles (EVs) and the threat of US tariffs.
The number of cars produced last month fell to 78,012, compared with 98,811 a year earlier, according to the Society of Motor Manufacturers and Traders (SMMT).
Mike Hawes, the lobby group’s chief executive, warned that manufacturers were battling rising costs and uncertainty, particularly around demand levels for EVs and Donald Trump’s plans to slap tariffs on vehicles shipped to America. Some 80pc of cars made in the UK are destined for export.
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According to SMMT, electric vehicles (inc hybrids) increased by about 400 units, ICE units fell by more than 17200, a drop of 27%.
Although they do not mention it specifically, it is clear that manufacturers are cutting back on production for the home market because of the threat of ZEV mandate fines.
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https://www.smmt.co.uk/vehicle-production-down-in-january-as-sector-faces-global-headwinds/
