According to the figures released by the Society of Motor Manufacturers and Traders (SMMT) the UK light commercial vehicle registrations have seen to have bounced back from the COVID-19 pandemic, growing by 21.4% in 2021 when compared to 2020.
By the end of 2021, 355,380 new light commercial vehicles were registered along with the best December for the sector since 2015.
The strength of the LCV market is heavily supported by the underlying demand from key sectors, with significant fleet investments resulting in 62,723 more units being registered in the last year.
The industry also saw a positive result as BEV uptake soared by 142.3% this equated to 12,759 zero emission vans and a total market share of 3.6%. With both petrol and diesel vans facing the same end of sale date as passenger cars, this demonstrates how far the LCV BEV market needs to grow to mirror the shift taking place within the car market.
There was also a significant increase for both 4x4s and the heaviest vans weighing greater than 2.5-3.5 tonnes of 183% and 27.8%.
The LVC market is predicted to grow even further in 2022 to 363,700 units, bringing registrations in line with 2019’s 365,778 units.
Read more here: https://www.smmt.co.uk/2022/01/new-van-market-grows-by-a-fifth-as-battery-electric-demand-more-than-doubles/