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EU Light-Commercial Vehicle Market Trends in 2024
In 2024, the European market for light-commercial vehicles (LCVs) experienced growth, with a total of 1,586,688 units registered, representing an 8.3% increase compared to the previous year [1]. The top four performing countries were Spain, Germany, France, and Italy, each showing varying growth rates.
Spain led the pack with a robust 13.7% growth, followed by Germany with an 8.4% increase. France and Italy, on the other hand, saw more modest growth of 1.1% and 0.9% respectively. However, it's worth noting that Italy led the hybrid LCV market in 2024, despite a 9.4% volume drop, with 14,864 registrations [2]. France followed closely with a 22.9% improvement, reaching 11,701 deliveries [2].
Unfortunately, Spain and Italy also recorded a decrease in electric LCV registrations in 2024, with 7,184 and 4,299 registrations respectively. Spain fell 27.9% and Italy plummeted 40.9% [2]. The Netherlands, however, posted a 17.4% improvement in electric LCV deliveries in 2024, reaching 11,704 deliveries [3].
The overall electric LCV market in 2024 saw a decrease of 9.1%, with 96,159 registrations [3]. This drop in electric LCVs accounted for a decrease in their market share, which fell from 7.2% in the previous year to 6.1% in 2024.
The demand for hybrid LCVs also decreased by 4.8% in 2024, reaching 32,282 units [3]. In contrast, the petrol LCV market showed varied trends among the big four EU member states. Spain surged 39.8%, Germany saw an improvement of 4.3%, Italy dropped 10%, and France fell 2.3% [4]. The petrol LCV volumes grew by 3% in 2024, reaching 94,466 deliveries [4].
France had the largest market share for electric LCVs in 2024 with 27,059 deliveries, a decrease of 2.6% compared to the previous year [1]. Germany had the second-largest market share for electric LCVs in 2024 with 14,999 registrations, a decrease of 27.9% compared to the previous year [2].
In summary, while the overall LCV market in the EU saw growth in 2024, the electric and hybrid LCV segments experienced a decrease. The trends varied among the top-performing countries, with Spain leading the growth in the traditional LCV market, and the Netherlands and France showing improvements in electric LCV deliveries.
[1] Source: EUA New Vehicle Registrations [2] Source: Hybrid LCV Market in Europe [3] Source: Electric LCV Market in Europe [4] Source: Petrol LCV Market in Europe
Despite the overall growth in the European light-commercial vehicle market in 2024, the electric LCV segment witnessed a decrease of 9.1%, as reported in the Electric LCV Market in Europe. On the contrary, the sports sector may have witnessed an increase in registrations during the same period, demonstrating enthusiastic consumer participation in various sports activities. Additionally, Italy, though experiencing a decrease in traditional LCV registrations, led the hybrid LCV market with 14,864 registrations in 2024, providing a potential foundation for the uptake of environmentally sustainable technologies in the sports sector.
