Stellantis grants e-LCVs UK

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【Summary】Stellantis is offering grants in the UK for small and medium electric vans, along with free wall-box charging installation and charging credit. Customers could enjoy total savings of up to £7,500 per van with this offer. Stellantis expects a high uptake of the grant, which could boost its share of the UK e-LCV market. The company already holds a significant share of the market, with 54.3% of all electric vans sold in the UK being Stellantis vehicles.

FutureCar Staff Oct 14, 2023 11:26 PM PT

Stellantis, an automaker and mobility provider, is offering UK customers a variety of grants and incentives to encourage the adoption of electric vans. Customers can receive a £2,500 grant towards the cost of small and medium electric vans, as well as free wall-box charging installation and £400 charging credit. Combined with the UK government's existing grants for electric light commercial vehicles, customers could enjoy savings of up to £7,500 per van. Tony Lewis, LCV Director of Stellantis UK, expressed that the Stellantis e-LCV Grant aims to make electric vans more attractive for fleets and businesses looking to go electric.

In addition to the e-LCV Grant, 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 boost its share of the UK e-LCV market.

According to Stellantis, their electric vans have a significant share of the UK market, accounting for 54.3% of all electric vans sold in the country so far this year. The Vauxhall Vivaro Electric alone represents 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 remains confident that it won't affect the electric van market. Vauxhall, already a leader in the electric van market, is expected to continue its success.

GlobalData's Global Sector Overview & Forecast for Electrified Vehicles reveals that 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 needs of e-LCV owners and encourages the adoption of electric vans.