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SMMT: September production fell as UK Auto seeks stability to keep record £7.9 billion EV exports

Britain’s motor vehicle manufacturing output fell -6.0% in September after four consecutive months of growth, according to the latest figures released today by the British Society of Motor Manufacturers (SMMT).

UK car production fell by -6.0% in September after a fourth straight month of growth, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). 63,125 models were rolled off the factory line, but production was again limited by severe supply chain issues affecting manufacturers, down 47.7% from the 120,729 cars built in the same month prior to Covid 2019. Did.

Exports in September this year fell -7.4% to 48,956 units due to lower shipments to the EU, US and China, despite higher exports to South Korea, Australia and Turkey. Meanwhile, the number of cars built for the UK market also fell slightly, dropping -0.9% to 14,169. Despite overall declines, UK production of battery electric vehicles (BEV), plug-in hybrids (PHEV) and hybrid (HEV) vehicles continues its recent upward trend, totaling 9.9% , with a record share of 37.8%.

In particular, BEV production grew strongly by 16.6% to 8,856 units, accounting for more than one-seventh (14.0%) of the cars produced in September. Year-to-date, UK car factories have produced a record 52,888 BEVs, an increase of almost a fifth (19.3%) over the first nine months of last year, and the number of leading-edge zero-emission vehicles. A testament to the UK’s ability to manufacture. There is strong demand worldwide, with 78.4% shipped to overseas markets.

The figure comes as the latest SMMT analysis confirms the increasingly important role of electrified vehicle production in the UK economy, especially in export figures. From £1.3bn he is now £7.9bn, more than his third (36.1%) of all UK car exports, up from just 4.1%. BEVs, in particular, are crucial to the UK’s future prosperity, with exports soaring by 1,457% from her £81.7m to £1.3bn since 2017.

The data also show that in 2021, exports of BEVs, PHEVs and HEVs alone to the EU will total £4.11 billion, slightly ahead of internal combustion vehicle exports (£4.09 billion). It shows the importance of shipping electrified models to the EU. It is the largest trading partner for the sector for jobs and growth. So far in 2022, almost six-tenths (57.4%) of UK car exports have been destined for her EU market.

SMMT CEO Mike Hawes said:

Billions of pounds and thousands of jobs depend on the automotive sector, and increasingly on the production of electric vehicles. Despite current challenges, our automakers remain resilient and can ramp up production of modern zero-emission vehicles that help fuel economic recovery, create jobs and boost growth. . However, success is not guaranteed and the UK sector must attract new investments to realize its potential. That is, to create competitive investment conditions. Stability, combined with plans to address critical skills gaps, provides regulatory certainty and lower energy costs in the long term, putting the UK at the forefront of next-generation car manufacturing.

Industry is asking governments to work together to create a competitive business environment for UK car manufacturers in the week Britain has its new prime minister. With the right competitive framework covering energy and business costs, supply chain security, skills, innovation and investment, the industry will not just recover, but thrive in the global economy.

With overall year-to-date vehicle production still down -12.6% compared to 2021, energy security and markets, as well as new business tax reforms, such as the business tax regime, are critical to attracting the investment the sector desperately needs. The framework needs urgent attention. 547,231 units. The decline is due to a fall in exports, which are down -16.9%, although eight-tenths of his (78.6%) of cars built in the UK are still made for overseas markets. Meanwhile, vehicle production for the UK increased by 8.4% year-on-year to 122,841 units.

1 UK production of BEVs, PHEVs and HEVs: 21,728 in September 2021 vs. 23,885 in September 2022
2SMMT calculations based on ONS, HMRC and SMMT data, covering the period 2017-2021.

sauce: SMMT SMMT: September production fell as UK Auto seeks stability to keep record £7.9 billion EV exports

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