Here’s a simple reminder in the new year about the financial benefit of electric tractors. We all know about the environmental benefit. You can prevent a million pounds of CO2 from entering the atmosphere by eliminating emissions from just one diesel tractor.
But depending on your perspective, the financial case is even more compelling.
You will find many cost savings by switching from diesel to electric. Two significant savings are reduced maintenance and reduced down time. But the most significant savings comes from eliminating the cost of diesel fuel. Applications vary, but fuel savings alone can be $5,000 - $10,000 per year per tractor. You don’t have to do any fuzzy math to show a payback of 1-2 years and an ROI of 50 percent to 200 percent! Add in the other savings, and electric is a slam dunk!