Stellantis grants e-LCVs in UK

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【Summary】Stellantis is offering UK customers a £2,500 grant for small and medium electric vans, along with free wall-box charging installation and £400 charging credit. This, combined with existing government grants, could result in total savings of up to £7,500 per van. Stellantis expects a high uptake of the offer, which could boost its share of the UK e-LCV market. The company already has a significant share of the market, with its electric vans accounting for 54.

FutureCar Staff Oct 14, 2023 4:30 PM PT

The automaker and mobility provider Stellantis is offering UK customers a £2,500 ($3,044) grant towards the cost of small and medium electric vans, free wall-box charging installation, and £400 charging credit. This grant, combined with the UK government's existing grants for electric light commercial vehicles (e-LCVs), could result in total savings of up to £7,500 per van. Stellantis aims to make electric vans more attractive for fleets and businesses looking to go electric.

In addition to the grant for electric vans, Stellantis also offers a £3,000 grant on Fiat 500e's in the UK. However, there is no mention of grants for other non-commercial vehicles. Stellantis, formed in 2021 through a merger of the PSA group and Fiat Chrysler Automobiles, owns Vauxhall, Citroen Fiat Professional, and Peugeot. This means that various electric stock vehicle models from these brands will be eligible for the offer. Stellantis expects a high uptake of the grant, which could increase its share of the UK e-LCV market.

According to the company, Stellantis electric vans currently hold a significant share of the UK market, accounting for 54.3% of all electric vans sold in the UK so far this year. The Vauxhall Vivaro Electric alone has accounted for a quarter of e-LCVs sold in the UK since the beginning of 2023.

In September 2023, Rishi Sunak announced a delay in the ban on the sale of new internal combustion engine cars and vans to 2035, pushing it five years further from the original target of 2030. Despite this delay, Stellantis does not expect any significant change in the electric vehicle market, as Vauxhall is already a leader in the electric van market.

According to GlobalData's Global Sector Overview & Forecast for Electrified Vehicles, Stellantis accounted for 6.9% of the global electrified market in 2022 and is the leading manufacturer in Europe. The current electrified vehicle market is estimated at 7.5 million units in 2023, with a projected Compound Annual Growth Rate of 54% between 2018 and 2023.

Recent statistics from Zapmap reveal that the number of high-power charging hubs in the UK has more than doubled since September 2022. This indicates the expansion of EV charging infrastructure to support the transportation needs of e-LCV owners.