Are electric forklifts more expensive than gas or diesel equivalents?
While electric forklifts may have a higher initial acquisition cost, they can offer potential savings and a lower total cost of ownership (TCO) through reduced operating and maintenance expenses. That’s because electric drivetrains have fewer components and less complexity than ICE, and lithium-ion batteries in particular require zero battery maintenance or equalization. The useful life of these two types of equipment is also a factor. An average, moderately used ICE truck has an economic life for the first owner of about 10,000 – 12,000 hours, whereas similarly maintained lithium-ion trucks could well surpass this mark. Energy prices, incentives and regulations in your area should also be factored into the cost analysis.
Are rebates available for electric forklifts?
Various state and federal programs administer grants, rebates, tax incentives or carbon offset credits. Speak with your local Hyster dealer to learn more about financial incentives that are available in your area to help you pursue decarbonization.