• Fleets continue to shun the electric van route
  • But many OEMs close to ZEV mandate – except Ford on 1%
  • However, Ford continues to be the LCV market leader
  • Vauxhall is the UK’s best-selling electric van brand of 2024

FEWER fleets are turning to electric vans than expected, according to the SMMT, which has revised down its EV LCV forecast for the year following the latest new vehicle registration figures.

Zero emission commercial vehicle uptake is down 7% for the year-to-date and is now forecast to hit an EV mix of 6.6% for the full year, down from an 8.2% prediction three months ago. 

SMMT chief executive Mike Hawes described the drop as a “major concern” and blamed the “paucity of van-specific charging infrastructure” for holding back electric van sales.

The BVRLA echoed his words and added that there was a “lack of adequate incentives and a shortage of cost-effective product” for electric vans.

Under the Government’s ZEV Mandate, each brand needs to hit a 10% mix of electric LCVs. However, the BEV LCV mix has been broadly flat for the past two years, although a large part of this is due to Ford’s dominance in the LCV market.

According to data and pro-EV lobbying organisation New Automotive, many van makers are at or close to their 10% target. 

This is how the OEMs lined up in July:

  • Volkswagen had a 7% BEV mix; 
  • Vauxhall was at 12%; 
  • Mercedes at 10%; 
  • Peugeot at 17%; 
  • but Ford had just over 1% EV. 

With Ford accounting for one third of the total market, this pulls the total EV mix down significantly. 

The EV mix should begin to change later in the year when Ford adds a BEV version of the new Transit Custom to its range.

Van July 2024 overview month YTD 01

Source: SMMT

Overall the July market sees second successive monthly decrease in registrations

July marked the second month of decreasing LCV registrations with the month down 8.5% on 2023. However, due to a strong start to the year, the first seven months are running up 2.7%. However, at a total of 202,309 LCVs, this is still some 20,000 units down on the 2029 year-to-date figure.

Van top models July 24 01

Winners and losers in the July LCV market

Unlike the performance of its car business, Ford’s LCV sales are performing well. Not only does the brand account for almost a third of all new LCVs, up one percentage point on the same time last year, its unit growth is also the strongest in the market.

Ford is currently up more than 3,700 LCVs this year. 

The next best growth is from Mercedes which is up 1,860 units year-to-date.

At the other end of the chart, Stellantis brands Citroen and Peugeot had particularly poor Julys, down 42% and 24% respectively. The two brands are also the largest unit fallers year-to-date with Citroen down more than 3,600 vans and Peugeot down more than 1,300 vans.

Top 5 brands by unit increase YTD

Bottom 5 brands by unit decrease YTD

1 Ford +3,766

2 Mercedes +1,860

3 Volkswagen +1,828

4 Maxus +1,689

5 Iveco +1,362

5 Isuzu -415

4 Man -444

3 Renault -716

2 Peugeot -1,348

1 Citroen -3,656

Read our new van market analysis of June 2024 registrations

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