Paper 3 - UK CAR MARKET INDUSTRY Flashcards
how much is the uk car market down by
10.7%
New car sales have shifted away from diesel
Demand for electric and hybrid cars sales have significanty increased
Demand for used electric cars is growing, too. In 2021, annual demand for used EVs hit a new record, increasing by 119.2%
why has their been an increase electric/hybrid cars
This is due to the increase in ULEZ zones across london meaning people with older cars with emissions of CO2 gas above a certain level would have to pay a fare to be able to drive in those areas
why have used cars gone up in value since 2020
this is due to the covid 19 pandemic. many factories producing compoments for new cars had to close down due to difficuties importing and exporting ane because of restrictions meaning that not as many new cars were registered. This resulted in a larger demand for used cars making them go up in price
Market share of cars by fuel type
petrol = 46.3%
mild hybrid = 12%
diesel = 8.2%
mild hybrid diesel = 6%
pure electric = 11.6%
plug in hybrid = 7%
self charging hybrid = 8.9%
Top car brands in uk 2022:l
ford
vw
audi
kia
hyndai
tesla
vauxhall
nissan
what car won the award for best UK car in 2022
KIA ev6
Automotive-related manufacturing contributes £67 billion turnover and £14 billion value added to the UK economy, and typically invest around £3 billion each year in R&D
More than 30 manufacturers build in excess of 70 models of vehicle in the UK supported by 2,500 component providers and some of the world’s most skilled engineers
Over 859,000 cars , 72,913 commercial vehicles and 1.6 million engines were built in the UK in 2021
Eight out of 10 cars produced in the UK are exported overseas to 140 different markets worldwide.
More than 29,000 battery electric models were sold – 20% of the total – as were more than 10,000 plug-in hybrid models, meaning both categories accounted for more than one in four (28%) of cars sold.
The SMMT forecasts growth of 15% in 2023 but said the UK needs more targets to speed up the provision of charging infrastructure.
