Car makers round off difficult 2024 with further drop in car sales and lower output

Lukewarm consumer demand is weighing on sales of electric cars

In the US, electric car sales saw a bit of a boost in the last three months of the year — growing 12% to end the year with 1.3 million sales.

Car manufacturers around the world rounded out a difficult 2024, with further drops in car sales, loss of tax credits and lower production output.

South-Korean car manufacturers Hyundai and Kia said they were aiming to grow their combined global sales by 2% in 2025, to just under 7.4 million cars, after missing sales targets in 2024.