CAMBRIDGE, England—Demand for battery-powered backhoes, excavators and other types of construction equipment is expected to skyrocket during the next decade. In fact, IDTechEx predicts the industry will grow 37 percent annually. Benefits of electric power include clean, quiet operation, instant torque and easier maintenance vs. traditional diesel alternatives.
However, according to IDTechEx, there is a battery price tipping point, under which it will be cheaper over the vehicle lifetime to operate an EV. Selecting the right chemistry is important to reduce operating costs and ensure peak performance.