Electric Forklifts: What Are the Pros & Cons?

Electric Forklifts: What Are the Pros & Cons?
5 min read
22 November 2023

If you’ve ever walked through a bustling warehouse or peeked into a busy manufacturing plant, you’ll know that forklifts are practically the unsung heroes. They dart about, hefting loads and ensuring everything's in the right place. Now, there's a new kid on the block: electric forklifts. With a hum rather than a roar, these machines are slowly transforming our workplaces. Dive in with us as we navigate the ins and outs of these eco-friendly machines, and help you figure out if they're the right fit for your business.

What is an electric forklift?

Before we jump into the ups and downs of electric forklifts, let's get to know them a bit. So, what is an electric forklift? At its core, an electric forklift is like any other, but instead of guzzling gas, it runs on pure electric power supplied by a battery. This powers a motor that allows the forklift to lift, move, and do its thing. So, it functions very much like every other forklift, but it’s powered differently - that’s the critical distinguisher. 

Parts and pieces - What makes up an electric forklift?

  • Battery - This is the energy storage. Think of it as the "fuel tank".
  • Electric Motor - This part takes the battery's energy and makes the forklift go vroom (just a lot quieter!).
  • Charging System - The unsung hero. It ensures the battery gets its energy dose after a tiring day.
  • Control Systems - The operator uses the control system to drive and work the forklift.

The advantages of an electric forklift

There are several reasons why you should consider getting in touch with an electric forklift leasing company. This includes:

Environmental benefits

  • Zero emissions - Electric forklifts don't emit carbon dioxide or other harmful gases. This reduces the carbon footprint and makes them ideal for indoor operations where air quality is crucial.
  • Quiet operation - The electric motor's operation is much quieter compared to the noisy combustion engines of traditional forklifts. This reduces noise pollution and offers a more comfortable working environment.
  • Energy efficient - Electric forklifts generally consume less energy than their fuel counterparts, especially if they are powered by modern batteries and motors.

Economic savings over time

  • Lower operating costs - When comparing the cost of electricity to gasoline or diesel, electric power often comes out cheaper. Plus, as renewable energy becomes more common, these costs might decrease further.
  • Reduced maintenance - Without internal combustion engines, there's no need for oil changes, exhaust system repairs, or replacing air filters. This can lead to substantial savings over the vehicle's lifespan.

Safety and worker health

  • No fuel spills - Electric forklifts eliminate the risk of fuel spills, which can be a fire hazard.
  • Cleaner air - No exhaust fumes mean a healthier environment for workers, reducing potential respiratory issues or illnesses.
  • Consistent power output - Electric motors offer a smoother, more predictable power delivery, minimizing the risk of sudden jerks or movements that can be hazardous.

Operational efficiency 

  • Instant torque - Electric motors provide an immediate response, offering faster acceleration and better overall handling.
  • Versatility - Their clean operation means they can be used indoors and outdoors seamlessly.
  • Longer lifespan - Generally, electric forklifts tend to have a longer operational life since electric motors have fewer moving parts that wear out.

The disadvantages of an electric forklift

Of course, giving a balanced argument is important, as everything in life comes with drawbacks. A few potential challenges you may want to consider include:

Initial investment

  • Higher upfront costs - The initial purchase price for electric forklifts, especially those with advanced battery technologies, can be steep. But don’t forget, you can get an electric forklift on lease for manageable monthly payments.
  • Infrastructure investment - Installing charging stations and possibly upgrading electrical infrastructure can add to initial costs.

Battery-related concerns

  • Operational duration - Depending on the usage intensity, a battery might not last an entire shift, meaning you’ll need a battery change or to pause for charging.
  • Charging time - Unlike refuelling, which can be done in minutes, charging can take hours.
  • Battery maintenance - While there's less engine maintenance, batteries require care, periodic checks, and eventual replacement.

Technology and training 

  • Updated training - Operators accustomed to traditional forklifts might require training to understand electric forklift functionalities and safety protocols.
  • Rapid tech changes - With technology evolving rapidly, there's always a risk that current models may become obsolete, or that newer, more efficient models could soon hit the market.

Could an electric forklift take your business to the next level?

Electric forklifts are clearly making a mark. They're sleek, green, and speak volumes about the future of industry. Yet, every coin has two sides. Before jumping onto the electric bandwagon, weighing the good with the challenges is essential. And remember, there's flexibility in adoption - whether you're thinking of buying outright or considering an electric forklift on lease, there's likely a perfect solution for your needs and budget.

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Jeff Hough 2
Joined: 5 months ago

Some of us get to do what we love and I have combined a passion for technology, a fascination with healthcare and a competitive spirit in business into the role of Program Manager of Healthcare at the Meridian. I draw on experience from IBM’s software team and the Huron Consulting Group’s Managed Care practice to advise our healthcare clients on the best practices around equipment finance and lifecycle management.

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