"The UK's new light commercial vehicle (LCV) market declined by -10.3% in 2025 with 315,422 vans, pickups and 4x4s registered, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). Fleet renewal shrank in every month last year other than December, which posted a slight 1.7% rise, reflecting a challenging economic environment and weak business confidence."
"More positively, deliveries of new battery electric vans (BEVs) rose by an impressive 36.2% with 30,169 registrations - a new annual record. The growth is a significant achievement in a contracting overall market, driven by massive industry investment to provide more than 40 different zero emission van models - representing more than half of new model choice. Despite this offering, manufacturers still had to subsidise the sale of their cutting-edge innovation to bridge the gap between mandated ambition and real-world demand,"
UK new light commercial vehicle registrations fell 10.3% in 2025 to 315,422 units. Fleet renewal shrank in every month except December, which rose 1.7%. Medium vans declined 20.7% to 51,639 and large vans dropped 9.8% to 210,262 while retaining a 66.7% share. Pickups fell 0.7% to 37,308, while small vans and 4x4s rose 1.9% and 2.3% to 8,766 and 7,447 respectively. Battery electric van deliveries increased 36.2% to 30,169 but EV market share reached only 9.5% versus a 16% mandate. Manufacturers provided almost £400 million in discounts. Barriers include higher production costs, limited van-suitable public charging and depot grid connection delays. Policy measures cited include the Plug-in Van Grant extension and a new Depot Charging Scheme.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]