The increasing affordability of electric construction equipment

Lucy Barnard Senior Web editor

08 December 2023

There’s no question that battery-powered equipment is gaining momentum and seeing more adoption, but there’s still a steep cost differential over traditional engine-powered machines and that’s a challenge many rental companies need to overcome before getting on board with the trend. But acquisition cost is not the whole story.

Major rental firms are leading the charge in bringing electric machines to the market, putting in orders for thousands of battery-powered machines, some of which would traditionally have been diesel powered.

In 2022, France-based Loxam secured a €130m ‘green loan’ from the European Investment Bank on the basis that it plans to spend between 25% and 50% of company CapEx on electric and ‘low emissions’ equipment.

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