CMI Pack June 2024

The LCV dynamics illustrate a similar trend with an aging van market, diesel being the most dominant fuel type and anticipated half a million BEV vans by 2027 ​

LCVs in operation (m)

Average age​

Age category ​

• 5.60 million in 2023 (+2.7% yoy growth)​ • Estimated to be 6.05 million by 2027 (+5.1% growth on. 2024).​

• Average van currently 10.6 years (+0.2 years yoy increase)​ • Estimated to be 11.1 years old by 2027​.

• 42% of vans in operation is 10 years or older. By 2027, this is expected to be around 45%​ • 29% are 4 years or younger. This is expected to remain broadly unchanged by 2027. ​

Petrol

Diesel

BEV

• Petrol currently make up 4% share of the van market​ • This is estimated to remain broadly the same by 2027.

• Diesel is the dominant player with 94% share of the van market​ • However this is estimated to reduce to 76% share by 2027.

• Currently, 77k electric vans on the road​ • By 2027, this is expected to reach over 500k​.

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