The UK’s new van market has recorded its third consecutive monthly decline, with February reflecting a typical slowdown ahead of the March plate change. According to the latest figures from the Society of Motor Manufacturers and Traders (SMMT), 14,476 new light commercial vehicles (LCVs) were registered last month, representing a -19.3% year-on-year decrease. Year-to-date figures show that 33,526 new LCVs up to 3.5 tonnes have been registered in 2025, marking a -20.0% decline compared to the same period last year. Registrations fell across most van weight categories, with medium vans (2.0–2.5t) dropping by -33.0% to 2,119 units and larger vans (2.5–3.5t) declining by -19.0% to 9,962 units. The pick-up segment also saw a downturn, falling by -4.8% to 1,804 units. Small vans under 2.0t were the exception, recording a 55.3% increase to 427 units. Despite the overall market decline, electric vans continued to gain traction. Battery electric vehicle (BEV) registrations under 3.5t grew by 47.9% in February to 1,253 units, bringing the total for the year to 2,877 units and accounting for 8.5% of the market share year-to-date. However, this remains below the Zero Emission Vehicle (ZEV) mandate target of 16% for the year. The Government recently announced a one-year extension to the plug-in van grant, which has been welcomed by NFDA for providing stability in the transition to zero-emission commercial vehicles. However, challenges remain, including regulatory barriers, the classification of heavier electric vans, and insufficient public charging infrastructure. The pick-up segment is also set to undergo a significant change next month, with double-cab pick-ups being reclassified under the car category for Benefit-in-Kind taxation purposes.