UK car production fell to its lowest level in nearly 70 years in 2024, as the industry struggles with weak demand and transitions to electric vehicles, with further disruptions expected if tariffs are imposed by the U.S.
Car production in the United Kingdom reached its lowest level in nearly seven decades in 2024, excluding the impact of the COVID-19 pandemic. The decline comes as the industry grapples with weak demand and prepares to transition from fossil fuels to electric vehicles.
According to the Society of Motor Manufacturers and Traders (SMMT), the number of cars produced in the UK dropped to 780,000, marking the lowest output since 1954.
SMMT Chief Executive Mike Hawes noted that the downturn was partly due to factory shutdowns as manufacturers shifted to electric vehicle production. However, he also pointed out that the sector continues to struggle with global demand and slower-than-expected growth in electric vehicle sales.
In a competitive global market, the UK is facing challenges in maintaining its position as a major car manufacturer. British carmakers are bracing for further disruptions, particularly if President Donald Trump imposes tariffs on imports from the UK’s second-largest market.
China's new energy vehicle (NEV) market saw impressive growth in February, with sales hitting 686,000 units. This increase highlights the country's strong push toward electrification, driven by government incentives, improved infrastructure, and growing consumer demand.
Kazakhstan’s EV market surges 60% in a year, driven by duty-free imports and rising Chinese EV popularity. Almaty leads registrations with 7,309 vehicles.
As we approach 2025, the electric vehicle (EV) industry is poised for massive growth, driven by policy changes, technological breakthroughs, and market shifts. From China surpassing ICE vehicle sales to new charging tech, discover how global EV trends are transforming the future of mobility.
St. Helena, 1,930 kilometers off Namibia’s coast, now has the world’s most remote EV charging point. With just four electric cars, the island is working to expand its fleet and reduce fossil fuel reliance through sustainable energy.
Tesla has introduced an upgraded Model Y in China, featuring enhanced design and functionality, priced from 263,500 yuan ($35,900), as the company seeks to reclaim market share in the highly competitive EV market.
Israel’s far-right politician and leader of the Otzma Yehudit party, Itamar Ben-Gvir, is set to return to Benjamin Netanyahu’s government amid an intensification of the war in the Gaza Strip.
Germany plans to release an additional 3 billion euros in military aid for Ukraine, marking a breakthrough after Chancellor Olaf Scholz had previously blocked the funds over borrowing rule concerns.
China has appointed Li Xiaolong as vice minister of the Ministry of Housing and the Human Resources Ministry, tasked with overseeing key policies in housing and workforce management.
This Sunday, March 23, negotiations will take place between the US and Russia regarding the details of a ceasefire in Ukraine.
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Regarding the Armenia-Azerbaijan process, we cannot forget the years of occupation, and we will not forget them, President Ilham Aliyev said in his speech at the opening ceremony of the 12th Global Baku Forum.
President Donald Trump has vowed to respond to the European Union's counter-tariffs, escalating tensions over the U.S. steel and aluminum duties that have sparked a trade dispute between the two economic powers.
Russian President Vladimir Putin agreed on Tuesday to a proposal by U.S. President Donald Trump that Russia and Ukraine cease attacking each other's energy infrastructure for 30 days, the Kremlin said following a lengthy phone discussion between the leaders.
The Russian Finance Ministry has announced that a "large privatization" initiative will be launched this year, involving the sale of more than 100 items of state property.
Russian President Vladimir Putin has given a U.S. hedge fund permission to buy securities in Russian companies from certain foreign stakeholders and authorised their future sale to two Russian funds, a presidential decree showed on Monday.
Uzbekistan has announced the sale of state shares in three major automotive companies as part of its ongoing privatization efforts.
The National Bank of Kazakhstan is launching the Gold Coin project, a digital version of an investment coin, beginning on March 17, 2025.
Apple’s iPhone, along with other foreign-branded smartphones, saw a sharp 21% decline in shipments in China this January. Economic shifts and rising competition from local brands are reshaping the market, putting pressure on international players like Apple.
Israel’s far-right politician and leader of the Otzma Yehudit party, Itamar Ben-Gvir, is set to return to Benjamin Netanyahu’s government amid an intensification of the war in the Gaza Strip.
Germany plans to release an additional 3 billion euros in military aid for Ukraine, marking a breakthrough after Chancellor Olaf Scholz had previously blocked the funds over borrowing rule concerns.
China has appointed Li Xiaolong as vice minister of the Ministry of Housing and the Human Resources Ministry, tasked with overseeing key policies in housing and workforce management.
This Sunday, March 23, negotiations will take place between the US and Russia regarding the details of a ceasefire in Ukraine.
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