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58% of SMEs considering adding electric vans, Tempcover finds

More than a quarter (27%) of SMEs plan to switch to electric within the next year.

SMEs electric vans
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58% of UK SMEs that rely on vans are considering switching to electric models within five years, according to Tempcover.

It found that 30% of UK SMEs have already begun to add electric vans to their operations.

More than a quarter (27%) of SMEs plan to switch to electric within the next year.

9% of SMEs reported that they are undecided and 5% are open to electric vans but have no plans.

Just 4% said they are not considering electric vans. A further 4% said they do not intend to make the switch.

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More than half (56%) of SMEs that have not switched said they would consider adding electric vans if their competitors did first, while 63% said upcoming policy changes will guide them towards electric vans.

The most common barriers to switching to electric vans were range concerns, cited by 39%, high upfront costs (29%) and a lack of suitable charging infrastructure (28%).

Other concerns included residual value concerns (18%), performance or reliability concerns (16%) and that charging is too slow (14%).

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Claire Wills-McKissick, temporary business van insurance expert at Tempcover, said: “The transition to electric vans is a process that requires careful planning.

“This is particularly significant for small businesses, where upgrading a fleet is often a major investment. The data shows that around a third have already integrated electric vehicles into their setups, whilst others are taking time to assess what works best for their day-to-day operations.

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“Given the scale of the decision, it seems businesses are focused on ensuring cost, capability, and operational infrastructure are firmly in place before committing.”

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