CV sales surge as electric vehicles experience significant increase

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【Summary】UK light commercial vehicle (LCV) sales grew by 44.2% in July, making it the best July since 2020. Registrations were also up 4.4% compared to pre-pandemic levels. Demand for zero-emission commercial vehicles, particularly battery electric vans (BEVs), increased significantly with a 94.6% rise in sales. However, the market share of BEVs decreased slightly from 5.4% to 5.2% in the year to date.

FutureCar Staff Aug 15, 2023 10:18 AM PT

CV sales surge as electric vehicles experience significant increase

The number of light commercial vehicles (LCV) registered in the UK continued to rise in July, marking the seventh consecutive month of growth. With an increase of 44.2%, a total of 26,990 units were registered, 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 can be attributed to the growing 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 remarkable increase of 94.6%, with 1,489 units registered, accounting for a 5.5% market share. This is a significant improvement from the 4.1% market share recorded last year. From the beginning of 2023 until now, a total of 10,292 BEVs have been registered, indicating a 16.1% year-on-year increase. However, the market share has slightly decreased from 5.4% to 5.2% in the year to date.

SMMT chief executive, Mike Hawes, expressed his satisfaction with the strong performance of van sales, surpassing even pre-pandemic levels. Looking ahead, he emphasized the importance of achieving greater electric vehicle (EV) adoption. This requires urgent action to address the soaring energy costs and to enhance the provision of dedicated van charging infrastructure. These measures are crucial to boost operator confidence and meet the unique needs of the sector. Additionally, Hawes highlighted the upcoming ZEV mandate, which will introduce minimum sales targets for every brand, further emphasizing the need to overcome these challenges.