WHY ELECTRIC FORKLIFTS COST SO MUCH LESS TO OPERATE
Lower Energy Costs
Electric forklifts use rechargeable batteries as their power source. Unlike diesel or propane-powered forklifts, electric forklifts do not require fuel. Instead, they rely on electricity to charge their batteries, which is significantly cheaper than purchasing fuel.
Electricity costs vary depending on location and energy provider, but in general, the cost per kilowatt-hour (kWh) is lower than the cost of diesel or propane, as much as 95% cheaper! Additionally, electric forklifts are more energy-efficient than their combustion engine counterparts, which means they require less energy to operate.
Fewer Maintenance Costs
Electric forklifts require less maintenance than diesel or propane-powered forklifts. This is because electric forklifts have fewer moving parts and do not have an engine, transmission, or exhaust system. As a result, there are fewer components to maintain or repair, which can significantly reduce maintenance costs. This, combined with the higher costs of technicians, means that even later model combustion units will cost FAR MORE per hour than electric units.
Electric forklifts also require less frequent maintenance than combustion engine forklifts. For instance, electric forklifts do not require oil changes or spark plug replacements, which are typical maintenance tasks for combustion engine forklifts.
Electric forklifts tend to have a longer lifespan than diesel or propane-powered forklifts. This is because electric forklifts have fewer moving parts and experience less wear and tear, resulting in a longer service life.
It IS true that periodic replacement of the battery is a large capital cost, but even if minimal battery lifespan is taken into account, electrics are far more competitive.
Electric forklifts produce zero emissions, making them a more environmentally friendly option than diesel or propane-powered forklifts. This can be particularly important in indoor settings where ventilation is limited, and exhaust emissions can pose health risks to employees.
Reduced emissions also mean that electric forklifts can be used in areas where combustion engine forklifts are prohibited due to environmental regulations.
In conclusion, electric forklifts cost less to operate than diesel or propane-powered forklifts due to their lower energy costs, reduced maintenance costs, longer lifespan, and zero emissions. While the upfront cost of an electric forklift may be higher, the long-term savings in operating costs and environmental benefits make them an attractive option for many businesses. As the technology continues to evolve, we can expect to see even more cost savings and efficiencies in the use of electric forklifts.