Electric Deliver Vans Available Today/Near-Term in No. American and Europe

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Delivery vans might be the first vehicle segment to go 100% electric for several key reasons, including:

  • A small number of large customers, e.g., shipping carriers
  • A much lower total cost of ownership (TCO) which is key for fleet managers.
  • They help companies like Amazon, UPS, FedEx and others achieve their corporate sustainability goals.
  • Delivery vans typically only have a daily range need of less than 150 miles and so they can easily charge overnight with Level 2 charging and be ready to go again in the morning.
  • And by my analysis, there are at least 21 electric delivery vans either currently available, or will be by 2023, in Europe & North America. (see table below)

This is an exciting though somewhat under the radar segment, with a combination of legacy van makers (Ford, GM, FCA, M-B, PSA Group, VW, etc) and several new market entrants (Rivian, Arrival, Workhorse, Xos, Chanje, Bollinger). 

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With 32 PHEVs currently available in the US (as of September 21, 2021), they come in a wide variety of types, price, EPA range, and battery size. In the chart below we’ve analyzed the 32 PHEVs across 6 metrics. The mean (commonly referred to as the average) range is 24.7 miles and mean battery size is 13.5 kWh. When looking at the median, however, range drops to 21 miles and battery size down to 12.5 kWh.

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PHEVs Account for Nearly 37% of EVs Sold to Date in the US

Through April 2021 PHEVs accounted for 36.7% of EVs (BEV and PHEV) sold in the US since January 2011. And in California, the most EV-centric state in the US, PHEVs comprise a slightly higher percentage of EV registrations to date at 38.3%.

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Six PHEVs Currently Qualify for the Maximum $7,500 Federal EV Tax Credit

There are six PHEVs that currently qualify for the $7,500 maximum tax credit, and their electric range is from a low of 21 miles for the Jeep Wrangler 4xe to a high of 65 miles for the Polestar 1. They also range in MSRP from about $38,000 for the Toyota RAV4 Prime to $165,000 for the Polestar 1. 

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