UK car output driven by exports but trade rules could hurt EV future

uk

As supply chain disruption eases, UK carmakers have increased production and export volumes, but Stellantis and Ford have added to SMMT calls for a review of trade rules on localised content for EV production

UK vehicle production was up 9.9% in April against the same month in 2022, and it is the third consecutive month of production growth for UK-based manufacturers. The result indicates an easing of the disruption to the inbound supply chain. That production is being driven by exports, which rose 14.7% to 54,820, and the SMMT reported that this was also the third month in a row that exports have risen in double-digits.

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