5 Benefits of Electrifying Your Work Fleet
Let’s face it, the initial cost is higher for acquiring electric vehicles (EVs) or equipment over traditional gas-powered options. However, the initial blow to your budget will be offset over the long term by lower operating costs and improved energy efficiency. Depending on the lifespan of the vehicle or equipment, the total cost of ownership could be significantly lower than a traditional fleet of trucks, forklifts or other equipment, and ultimately improve your bottom line.
Here are 5 reasons you why you should seriously consider electrifying your work fleet:
1. Save on Fuel Costs
It’s a fact — even including the cost of electricity, EVs use less energy and have lower greenhouse gas (GHG) emissions.
Take forklifts as an example:
- An electric forklift uses an average of 9.8 kWh, which equals 78.8 kWh per 8-hour shift.1
- An average LPG forklift uses a 33-pound (27.7 litre) Propane Cylinder per 8-hour shift.2
- The average price for propane in Ontario for 2016 was 44.2 cents/litre.3
- The average cost of electricity in Ontario for 2016 was 11 cents/kWh.4
- An electric forklift uses 78.8 kWh X 11 cents/kWh = $8.69 per 8-hour shift.
- An LPG forklift uses 27.7 litres X 44.2 cents/litre = $12.24 per 8-hour shift.
- Which means, an electric forklift is 29% cheaper to operate than an LPG forklift.
These savings can be increased even more by proper scheduling of recharging hours to take advantage of off peak electricity rates. See our blog to find out more.
2. Reduce Maintenance Expenses
EVs are fundamentally a one moving part machine — the electric motor. Therefore, EVs are less prone to wear and tear, as they have less complicated, fluid-free transmissions. They also have improved regenerative braking features, further enhancing their reliability. In fact, in a report released by The Electrification Coalition, companies that operated EVs in their fleet saw a 50% reduction in maintenance costs.5
3. Improve Corporate Sustainability
Depending on the fuel used to generate the electricity to power your EV, either nuclear, renewable energy sources or power from the local grid, the carbon dioxide (CO2) emissions will be significantly lower than fossil fueled engines. Therefore, EVs offer a significant reduction in GHG emissions, improving the air quality in urban surroundings and enhancing your corporation’s commitment to a greener environment. In Ontario greater than 90% of electricity is from emissions free sources providing an immediate sustainability benefit by switching from fossil fuel powered equipment.
4. Enhance Employee Job Satisfaction
Keeping staff happy and engaged in the workplace is important to retaining your employees. Recruiting and training someone new to operate your equipment or drive one of your commercial vehicles can run into the thousands of dollars. Companies that have integrated electric equipment and vehicles have reported that employees are happier and more likely to stay, citing factors like a smoother, quieter ride and the elimination of exhaust fumes.6
5. Improve Operational Benefits
There are several operational advantages associated with the integration of electric vehicles and equipment into your organization. Introducing EV trucks eliminates the need to fill up at gas stations, which reduces employee downtime. Employing electric utility and service equipment eliminates noise from the workplace which contributes to a quieter and safer work environment, improving productivity.
At Bruce Power Direct we are committed to helping you save on energy costs and improve efficiencies at all levels. Our experts can help you plan an implementation or maximization strategy for electrifying your work fleet, and show you how to make the most of your energy consumption. Call us today for an expert consultation.
1: Heli Forklifts, Website, Data Sheet, 2017.
2: Toyota Material Handling, How Long Can a Forklift Run on a Single Tank of Propane? March 7, 2017.
3: Natural Resources Canada, Average Retail Prices for Auto Propane, 2017.
4: Ontario Hydro, Comparison of Time-of-Use Rates, April 30, 2017.
5: Fleet Answers, The Electrification Coalition, 2014.
6: MidwestEvolve, Advantages of EVs, 2017.