Overview

• The UK saw a 2.6% rise in new car registrations in 2024, driven by fleet purchases, while private buyer demand fell by 8.7%.
• Electric vehicles (EVs) accounted for 19.6% of new car sales in the UK, with manufacturers meeting the government's 22% EV sales target under the Zero Emission Vehicle (ZEV) mandate.
• General Motors (GM) topped US auto sales in 2024 with a 4% year-over-year increase, selling over 2.7 million vehicles, including 114,432 EVs—a 50% jump from 2023.
• Chevrolet's Trax SUV and new EV models like the Equinox EV and Blazer EV contributed significantly to GM's strong performance, while Cadillac's EV sales surged with the Lyriq seeing a 210% increase.
• Automakers in both countries face challenges in meeting ambitious future EV targets, with UK manufacturers calling for more government support and US brands scaling up EV production on new platforms.