Big Board Alerts

December 28, 2022
Make the Switch to Electric Equipment this New Year

There’s never been a better time to switch to battery-powered construction equipment. Governments and environmental agencies are pushing for increased emissions regulations. Increasingly stringent regulations are prompting many businesses to finally make the jump to using electric construction equipment. Additionally, many urban areas are placing noise restrictions on construction companies to decrease noise pollution. Battery-powered alternatives are widely recognized as the quieter choice when it comes to construction equipment.

Conflict in oil-producing countries and hacks on infrastructure, such as the Colonial Pipeline cyberattack, have had a massive negative impact on the fossil fuel supply. This has resulted in higher fuel prices and even the temporary unavailability of fossil fuels. Incidents such as this have become a motivation for OEMs to transition to electric machinery.                       

Perhaps the leading reason to switch to electric construction equipment is the massive improvements that have been made to lithium-ion batteries since their inception in 1991. The many advancements in lithium-ion technology have created more access to more cost-effective renewable energy sources for OEMs.

 

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