We have no wish to dampen enthusiasm for any new development in the light commercial vehicles sector but at this point the prospects for all-electric vans are fraught with difficulties, despite the clear operating advantages of using one for specific kinds of work
The Commercial Vehicle Monitor editor for the British residual value gurus at CAP, Tim Cattlin, tells Honest John that the new electric Azure Transit Connect has a few issues that fleet managers may want to look at before buying Britain’s first electric van. To wit:
The £39,999 van is expected to have a value of £8,000 after three years and 30,000 miles, with CAP explaining that uncertainty over the unproven technology and expensive batteries are the biggest issues.
That’s a 20% residual value after three years of driving 10,000 miles per year. Yikes! (Incidentally, if you drove the Transit for its entire 80 mile range every day for a year, you’d rack up about 30k miles in that year alone). The Azure Transit Connect is reportedly available in the US for $57,400, although Ford doesn’t list a price on its website and production is said to only be about 600-700 units this year. Meanwhile, Ford had better hope that the residual value issues aren’t linked to Azure’s technology (which uses Johnson Controls batteries), because it’s just announced a plug-in hybrid Super Duty Chassis Cab for 2013… with Azure as a partner and fleet businesses in mind. Better take a look at those projected residuals first, guys…