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Smaller electric vans hit parity with diesels

Running costs for smaller electric vans are already on a level as diesel rivals, enabling an extra 80,000 to take to Europe’s roads, a new study has indicated.

Small electric vans like the Renault Kangoo Z.E.33 have already reached price parity with a diesel equivalent
Small electric vans like the Renault Kangoo Z.E.33 have already reached price parity with a diesel equivalent

Commissioned by eco campaign group Transport & Environment, the study by consultancy CE Delft found that the rapid fall in battery prices – which dropped by 24% in 2017 alone – was a key reason in smaller electric vans reaching cost parity. However, large electric vans are not expected to hit the same level as diesel rivals until 2026 while medium electric vans will hit cost parity in 2025.

The study takes into account purchase price, taxes, fuel bills and maintenance costs over six years, equivalent to a standard lease contract.

In response, T&E said that more work is needed to broaden the choice of electric vans as it highlighted that just 10 battery electric van models are on the market in the EU, compared to more than 200 diesel models.

Julia Poliscanova, clean vehicles manager, said: “At least 800,000 small electric vans have the potential to be driven across Europe today at no extra cost of ownership compared to polluting diesel vans. Demand is not the issue here. It’s illustrative that German delivery giant DHL had to start manufacturing their own electric StreetScooter to make up for the lack of proper supply from traditional vanmakers. If the market is not delivering, then for the sake of clean air and climate change, policymakers should require manufacturers to do so via regulation.”

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Written by Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.

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