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New Van Market Decline Continues | Electric Van Target 'to Be Missed'

Summary by fleetnews.co.uk
As a result, the latest 2025 outlook revised downwards by SMMT, with the market now expected to decline by more than 30,000 units to 321,000 LCVs.
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fleetnews.co.ukfleetnews.co.uk

New van market decline continues | Electric van target 'to be missed'

As a result, the latest 2025 outlook revised downwards by SMMT, with the market now expected to decline by more than 30,000 units to 321,000 LCVs.

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SMMTSMMT

Eight months of decline for new van market puts strain on EV ambitions

New light commercial vehicle market falls -5.1% in July, the eighth successive month of decline. Electric van uptake up 72.6% but market share lags behind mandated levels. 2025 outlook revised down to 321,000 units, reflecting tough economic conditions and weak business confidence. Data download new LCV registrations July 2025 DOWNLOAD ALL The new light commercial vehicle (LCV) market fell by -5.1% in July with 24,433 vans, 4x4s, pickups and t…

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SMMT broke the news in on Tuesday, August 5, 2025.
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