Vans Stand to Become Boon for VW, Ford as Demand Outpaces Cars
- U.S., Europe, China sales to jump 75% by 2040: BNEF study
- Electrification to open inroads for new competitors: analyst
A Transit concept electric van. Ford launched 16 new products as part of an electrification drive, half of which will go on sale by end of this year.
Photographer: Jasper Juinen/BloombergThe unstoppable march of Internet shopping and an increasing number of people moving to cities will drive demand for delivery vans in coming decades, benefiting manufacturers like Daimler AG, Volkswagen AG and Ford Motor Co. and drawing in new competitors like Rivian Automotive Inc. offering electric vehicles.
Van sales in the U.S., Europe and China are set to jump by three-quarters through 2040 to reach 8.5 million vehicles annually, according to BloombergNEF’s “Electric Vehicle Outlook 2019.” Global growth will be even higher, outpacing an expected 15 percent increase in deliveries for the much larger passenger car market.