Van market grows but electric LCV sales are stalling
Wed, 05 Jun 2024
The UK van market continued to grow in May 2024, but sales of electric vans have flatlined leading the member of the Zero Emission Van Plan to call for action to reduce purchase costs and improve infrastructure.
Registrations rose by 1.9% to reach 25,853 units in the month – the best May figure in three years – but was driven by increased demand in the mid-size vans, 2.0 tonnes to 2.5 tonne, which rose 8.1%.
Light vans weighing less than 2.0 tonnes recorded the largest proportional growth, rising 55.7%, but this was largely due to replacement cycles of four of the most popular models limiting supply in prior months.
Large vans weighing 2.5 tonnes to 3.5 tonnes saw a decline of 0.8% but continued to account for the vast majority of the market at 65.9%. The Ford Transit retained its position as the top seller.
Sales of battery electric vans (BEVs) rose 3.5% in May to achieve a 4.2% market share – almost unchanged from last year’s 4.1%. But for the year to date, BEV registrations have fallen by 2.1%, meaning a 4.8% market share, down from 5.2%.
