Stellantis grants e-LCVs 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, resulting in potential savings of up to £7,500 per van. The offer is expected to boost Stellantis' share of the UK e-LCV market. Stellantis owns brands such as Vauxhall, Citroen, Fiat Professional, and Peugeot, which are eligible for the grant. The company already holds a significant share of the UK electric van market.

FutureCar Staff Oct 14, 2023 6:20 AM 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. In addition to the grant, customers will also receive free wall-box charging installation and £400 charging credit. With these incentives, customers could enjoy savings of up to £7,500 per van, on top of the UK government's existing grants for electric light commercial vehicles (e-LCVs).

Tony Lewis, LCV Director of Stellantis UK, stated that the Stellantis e-LCV Grant is designed to provide an all-round package for electric van drivers, making it even more attractive for fleets and businesses looking to go electric. Stellantis is not only offering grants for electric vans, but they also have a grant of £3,000 on Fiat 500e's in the UK. However, there is no mention of grants for other non-commercial vehicles.

Formed in 2021 through a merger of the PSA group and Fiat Chrysler Automobiles, Stellantis owns Vauxhall, Citroen Fiat Professional, and Peugeot. This means that various electric stock vehicle models from these brands will be eligible for the grant. Stellantis expects a high uptake of the grant, which could boost its share of the UK e-LCV market. Currently, Stellantis electric vans hold a significant share of the UK market at 54.3% of all vans sold in the country this year. The Vauxhall Vivaro Electric alone accounts for a quarter of e-LCVs sold in the UK since the start of 2023.

Despite the UK government's announcement of a delay in the ban on the sale of new internal combustion engine cars and vans to 2035, Stellantis does not expect any change in the electric vehicle market. Vauxhall is already a leader in the electric van market, so the delay is not anticipated to slow down the uptake of electric vans.

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 Compound Annual Growth Rate of 54% between 2018 and 2023.

Recent statistics from Zapmap indicate that the number of high-power charging hubs in the UK has more than doubled since September 2022. This expansion of EV charging infrastructure supports the growing transit needs of e-LCV owners.