Energy crisis: the overall cost of thermal equipment is rising sharply and approaching that of electrical equipment
Anticipated alignment of the overall cost of thermal and electrical equipment
The global energy crisis and the disruption of energy prices were the logical topics for discussion at the 4th Sustainable Equipment Meeting. For the occasion, the study conducted for the last three editions by Carbone 4 on the TCO (Total Cost of Ownership) comparing thermal and electric equipment was updated in the light of technological progress and, above all, of the increase in energy prices.
While the market was expecting the cost of electric equipment to decrease due to the effect of scale and technological progress, the alignment of costs between electric and combustion engines for a 2.5 tonne excavator projected for 2020 in the medium term has been accelerated by the increase in the price of RNG (+65% between 2020 and 2023). This narrowing gap, which now places electric equipment between 5 and 10% more expensive than its internal combustion equivalent, could even be reversed if we take into account the elimination of tax rebates on NGVs planned for 1er January 2024.
The ever-increasing initial investment in electrical equipment
Exploring all the hypotheses mentioned (price of NGV, changes in NGV taxation, technological progress in batteries, cost of electricity) only brings the TCO of the two types of equipment closer together through the increase in costs per use. The initial investment (manufacture, battery, battery replacement) remains much higher (+40% for a 2.5 T excavator) for electric equipment when its operating cost is two to three times lower than its combustion equivalent over the life of the equipment.
The 4th Sustainable Equipment Meeting, rich in testimonies and feedback from a wide range of players in the sector, including Bénédicte Barbry, Mobivia’s Director of Public Affairs and Sustainable Development, highlighted the impact of the socio-economic context on the transition underway and the benefits of working on an ecosystem scale.