Comparing BEV and Diesel Costs for Underground Fleets

Electrifying your underground fleet? The upfront costs may surprise you.

Battery electric vehicles (BEVs) can require 60–100% more capital than diesel equipment, depending on the type. The updated Equipment Cost Calculator reveals just how wide this gap can be across common underground machines—including loaders, haulers, locomotives, and water trucks. While BEVs offer clear environmental benefits, the cost premium means trade-offs must be carefully evaluated.

The updated Equipment Cost Calculator—part of Equipment Cost Service—now includes 25 new BEV models, diesel-to-electric CapEx comparisons, and the ability to model Scope 1 CO₂ emissions and DEF usage. New customization features, like an electric cassette truck, make it easier to tailor cost estimates to specific fleet configurations.

These updates give mine planners the tools to weigh costs, emissions, and fleet flexibility in one place—helping support long-term decisions around electrification. Contact us to learn more or request a demo.

Want to learn more about Costmine Intelligence and how we can help you streamline your with your mining data needs?

Request a demo with a member of our team to get a personal assessment and discover what tools and data meet your needs.

Chris Berry

Vice-President Sales

Request a Demo

Related Insights

Content

The Cost Benefit of Mine Site Solar Power

This article revisits hybrid diesel-solar PV systems in two remote Northwest Territories communities with under 200 residents. It highlights the modest but valuable role of solar, the high cost of adding battery storage, and the limited efficiency of hybrid setups due to prolonged winter darkness requiring continued diesel use.

Data Showcase

SHERPA v. Nifty Project Comparison – Excel Data Download

In this analysis, Costmine Intelligence used SHERPA—our proprietary cost modeling software—to replicate the project’s assumptions and calculate capital and operating costs based on current market rates, location-adjusted inputs, and a fully scoped cost framework.

Free Data and Insights Delivered Directly to Your Inbox

Sign up for our newsletter to get regular updates on our products, along with free data, recommended posts on our Insights channel, and special opportunities.

Name(Required)
This field is for validation purposes and should be left unchanged.