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Browsing: SMMT
The UK’s light commercial vehicle (LCV) market saw a 2.4% increase in October, according to new figures from the Society of Motor Manufacturers and Traders (SMMT). While small and medium vans experienced significant boosts, larger vans and pickups showed mixed results.
New LCV registrations increased in 2024, but the electric van market struggled to gain traction, according to the SMMT.
Van registrations in February 2025 took a hit, with the overall market down 20%. While Ford Pro saw significantly increased sales, Stellantis brands experienced a major decline.
The UK automotive industry is calling on the government to boost the electric vehicle market with fresh incentives. Concerns are growing over the current policies, which are blamed for job losses and de-industrialization.
The Society of Motor Manufacturers and Traders (SMMT) calls for government incentives to accelerate electric vehicle (EV) adoption in the UK, aiming for two million new EVs on the road by 2028 to stimulate economic growth and reduce emissions.
New LCV registrations increased overall, but electric van demand remained static due to infrastructure and policy concerns.
New LCV registrations fell by -19.3% in February 2025, with electric van sales showing strong growth but still falling short of mandated targets.
October sees growth in light commercial vehicle registrations, but electric van uptake lags behind.
An update from the CEO on the importance of decarbonizing commercial vehicles to achieve zero emissions.
The Society of Motor Manufacturers and Traders (SMMT) urges the next government to collaborate with the automotive sector to unlock its potential and achieve significant economic growth.