Light commercial vehicle (LCV) registrations have declined every month in 2025, with a 14.8% drop in June alone. Pick-up registrations declined for the second consecutive month, following the introduction of tax changes in April. While electric van demand has risen by 52.8% this year, it remains well below required market share levels. The industry is urging faster infrastructure development to support the shift to electric.
Sharp LCV Market Decline Amid Economic Pressures
New light commercial vehicle (LCV) registrations shrank by -12.1% to 156,048 units in the first half of 2025, accordin...
Sharp LCV Market Decline Amid Economic Pressures
New light commercial vehicle (LCV) registrations shrank by -12.1% to 156,048 units in the first half of 2025, accordin...
