LCV market continues growth but BEV drop off is “concerning”

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The UK new gentle business car (LCV) market has grown for the sixth consecutive month by 31.0% to 34,630 models in the perfect June since 2019.

In keeping with the most recent figures printed by the SMMT, 169,926 new vans, pickups and 4x4s had been registered within the first half of 2023, up 17.7% in contrast with the identical interval final 12 months, as as soon as persistent provide chain shortages ease.

Registrations of the biggest LCVs, weighing higher than 2.5 to three.5 tonnes, rose by 15.6% to 23,640 models to account for 68.3% of the market in June, whereas registrations of medium-sized vans weighing greater than 2.0 to 2.5 tonnes reached 6,291 models, up 160.8%.

Lighter vans weighing lower than or equal to 2.0 tonnes fell -42.8%, the one phase to say no and the one which has seen demand constantly fall as operators favour bigger workhorses with the potential for higher value efficiencies.

Pickups and 4x4s elevated by 40.8% and 180.1% respectively.

Demand for battery electrical vans (BEVs) fell -11.9% within the month to 1,775 models, even with a rising variety of fashions available on the market.

This brings the whole of all electrical vans registered to this point this 12 months to eight,803 models, a 12 months on 12 months improve of 703 however a market share decline to five.2% within the 12 months so far.

Mike Hawes, SMMT chief govt, stated: “As we attain the 12 months’s halfway mark, the surge in gentle business car registrations is sweet information and delivers continued optimism to the market. The autumn in electrical van uptake simply on the time once we want it to develop is, nonetheless, very regarding. Regardless of the continued availability of the plug-in van grant, extra must be finished to offer operators the boldness to make the swap. This implies a long-term plan which helps buy and helps overcome a number of the obstacles to the set up of van-suitable charging infrastructure, given the distinctive wants of this sector.”

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