05 November 2024
05 November 2024
Despite an incentives boost, GlobalData warns that signs of economic deceleration are adding risk to the market outlook.
Cumulative 2024 EV share in the UK car market – at 18.1% - is undershooting the 22% full-year share needed to avoid hefty OEM fines under the UK’s zero emission vehicle (ZEV) mandate.
The e VITARA is based on the concept model eVX, which was showcased at the Auto Expo in India in January 2023.
The JV is equally funded by both companies and is set to begin verification tests in 2025.
The collaboration includes the potential purchase of 3,000 VF 5 electric cars and 300 electric buses.
The M5 Touring is the seventh M model to be produced at the facility, representing about 6% of the plant's overall output.
The latest data shows vehicle wholesales fell by 16% to 633,218 units in the first nine months of 2024.
The sharp decline was largely attributed to two major typhoons that hit the country last month.
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