Industry Round Up - 18th June 2024

Welcome to the newest article in Hireco’s latest series, our industry news round ups. We will focus on news from all around the industry including LCVs, HGVs, EVs and so much more.

New EU Mandate: Tyre Pressure Monitoring Systems Required on All New Lorries and Trailers from July

Starting July 6, 2024, a pivotal EU regulation will come into force, mandating the installation of Tyre Pressure Monitoring Systems (TPMS) on all newly registered lorries, trailers, and semi-trailers throughout the European Union.

This legislation aims to improve road safety by reducing tyre-related incidents, which can often be the cause of serious accidents. Additionally, mandatory TPMS is expected to enhance fleet efficiency and cut greenhouse gas emissions. Properly inflated tyres not only last longer but also improve fuel efficiency and reduce the risk of unexpected failures.

TPMS works by measuring tyre pressure either indirectly, using algorithms based on wheel revolutions, or directly, with sensors mounted on the wheel, valve, or tyre. The system must alert the driver immediately if the tyre pressure deviates by 20% or more from the recommended level or falls below 150 kPa.

Drivers will be notified of tyre pressure issues through a visual warning signal, such as an indicator light, within 60 minutes of accumulated driving time if the pressure deviates from the specified threshold.

This new mandate highlights the EU’s commitment to road safety and environmental sustainability, promising a safer and more efficient future for road transport. We love to see it!

UK Light Commercial Vehicle Market Sees Continued Growth in May

The UK’s light commercial vehicle (LCV) market celebrated its 17th consecutive month of growth in May, according to the latest data from the Society of Motor Manufacturers and Traders (SMMT). Registrations increased by 1.9 percent, reaching a total of 25,853 units, the highest amount for May since 2021. This achievement mirrors the surge in business investment in commercial vehicles following the pandemic.

The growth was primarily fueled by a significant rise in vans weighing between 2.0 and 2.5 tonnes, which saw an 8.1 percent increase. Light vans, those weighing less than 2.0 tonnes, experienced the most dramatic proportional growth, skyrocketing by 55.7 percent. However, this segment is known for its volatility due to its smaller market size.

This sustained growth streak highlights the robust recovery and ongoing investment in the UK’s commercial vehicle sector.

Embrace Telematics to Drive Van Electrification Strategy

Fleet operators are being encouraged to leverage telematics to create an effective van electrification strategy.

The Zero Emission Vehicle (ZEV) mandate requires manufacturers to increase sales of electric light commercial vehicles (LCVs). Telematics provides real-world data on various aspects such as driver behaviours, engine diagnostics, typical mileages, locations, and vehicle activity, making it an essential component in the move towards electrification.

Stay tuned for more updates and insights from the world of transportation and logistics in our next round-up!