CV sales rise, EVs surge.

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【Summary】UK light commercial vehicle (LCV) sales in July grew by 44.2% compared to last year, making it the best July since 2020. Demand for new vans, pickups, and 4x4s increased, and supply chain issues eased, contributing to the rise. Additionally, the demand for zero-emission commercial vehicles, particularly battery electric vans (BEVs), soared by 94.6%. However, there is a need to address high energy costs and improve charging infrastructure to encourage greater adoption of electric vehicles.

FutureCar Staff Aug 14, 2023 7:17 AM PT

The number of light commercial vehicles (LCV) registered in the UK continued to rise in July, marking the seventh consecutive month of growth. The registrations increased by 44.2% to reach a total of 26,990 units, making it the best July since 2020, according to the Society of Motor Manufacturers and Traders (SMMT).

This growth in registrations can be attributed to the increasing demand for new vans, pickups, and 4x4s, as well as the improvement in supply chain issues that had previously constrained production. In fact, registrations were also up 4.4% compared to pre-pandemic volumes in 2019.

Furthermore, the demand for zero emission commercial vehicles saw a significant increase. Battery electric vans (BEVs) experienced a remarkable surge of 94.6%, with 1,489 units registered in July. This translates to a 5.5% market share, up from 4.1% the previous year. In total, 10,292 BEVs have been registered so far in 2023, representing a 16.1% year-on-year increase. However, the market share for BEVs has slightly decreased from 5.4% to 5.2% in the year to date.

SMMT chief executive, Mike Hawes, expressed optimism about the van sales performance, stating that they have surpassed pre-pandemic levels. However, he emphasized the need for urgent action to promote greater electric vehicle (EV) adoption. Hawes highlighted the importance of reducing soaring energy costs and expanding the provision of dedicated van charging infrastructure to boost operator confidence and meet the unique needs of the sector. These challenges are particularly crucial as next year will see the implementation of a Zero Emission Vehicle (ZEV) mandate with minimum sales targets for every brand.