Electric cars

Electric vans are now cheaper to run than diesels

Electric vans are now cheaper to run than diesels

The total cost of buying and running an electric van in Europe is now cheaper than diesel alternatives, according to new research and backed by a survey of European van buyers who found most want to switch to electric.

The new study published by Transport & Environment (T&E), Europe’s leading clean transport campaign group, analyzed the total cost of ownership (TCO) of electric and diesel vans, which includes the costs of purchasing, operating and of maintenance. TCO is a crucial metric for commercial vehicle operators.

T&E modeled the total cost of ownership of diesel and electric vans for six groups of end users – including business-to-business and business-to-business hauliers, business users, short-term rental services, renters and private users – in France , Germany, Italy, Poland, Spain and the UK, which account for 76% of the EU+UK van market.

The results of the analysis showed that electric vans are already the cheapest option for all user groups considered in the six countries when purchase subsidies are included.

Specifically, the average electric van in the EU is 25% cheaper than the average diesel van, with a TCO of €0.15/km for the electric van compared to €0.20/km for the diesel van.

Moreover, even if purchase subsidies are excluded, electric vans would still be cheaper on a TCO basis in five of the six countries considered, and are cheaper in all countries and for all user groups d by 2024 at the latest.

Source: T&E

A survey of European van buyers released alongside the report also revealed that the European van market is ready to embark on the electric revolution, with 36% of van fleets surveyed already having at least one electric van. , while 32% plan to buy an electric van this year.

The survey, conducted among 745 fleets across Europe by Dataforce for T&E, also found that 16% plan to buy an e-van in the next five years.

But, unfortunately, the supply of electric van models is lacking, which is why – despite the interest – electric vans only account for 3% of sales, far behind battery electric vehicles (BEVs) at 9%.

In addition, T&E expects the supply of electric vans to continue to decline for the rest of the decade unless a significant and immediate increase is made to the CO2 targets proposed by the European Union for minivans – which have not been affected in the 2020s and do not require manufacturers to increase sales of electric vans above 10% before the end of the decade.

“An electric van beats a diesel on cost and van buyers know it,” said James Nix, freight manager at T&E. “But there aren’t enough electric vans. European lawmakers can change that with a bang by raising CO2 targets, which will force van makers to sell more zero-emission vehicles.

According to T&E, the EU’s proposed tightening CO2 targets this decade would see a million more electric vans on European roads within five years, save 5.6 megatonnes of CO2 emissions in 2027 and would reduce the annual oil consumption of European countries. vans by 7% in 2027.

The latter is particularly relevant, as the annual reduction in oil consumption would end dependence on Russian imports. Similarly, even more ambitious targets would save European companies €13.1 billion over the period 2025-2030 due to lower operating costs for e-vans.

electric vs diesel vans

“Electric vans will help reduce our dependence on oil and save European businesses billions of euros already in this decade. But the drip-feeding of electric vans to the market must stop,” said James Nix.

“Member states and MEPs can turn on the tap and bring many more electric vans to market by increasing EU CO2 targets.”

In particular, T&E is calling on European Union lawmakers to tighten proposed CO2 targets for vans to require a 25% reduction in average CO2 emissions from vans by 2025, as well as a new interim reduction target of 45%. % by 2027 and 80% by 2027. 2030.

Fortunately, the T&E report will hopefully be seen through the right eyes, as the European Parliament and environment ministers are expected to decide their positions in the coming months ahead of an agreement on the end targets set for the northern summer.