CV sales surge as electric vehicles experience significant growth

author: FutureCar Staff    

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

Compared to pre-pandemic levels in 2019, registrations were also up by 4.4%. This growth can be attributed to the increasing demand for new vans, pickups, and 4x4s, as well as the easing of supply chain issues that had previously constrained production.

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

Mike Hawes, the chief executive of SMMT, emphasized the need for greater electric vehicle (EV) adoption. He highlighted the importance of reducing energy costs and improving the provision of dedicated van charging infrastructure to boost operator confidence and meet the unique requirements of the sector. These challenges are particularly crucial as next year will introduce a zero-emission vehicle (ZEV) mandate with minimum sales targets for every brand.

FutureCar Staff