Electric farm tractors come with a wide range of benefits over diesel-powered tractors. These tractors offer better efficiency over diesel tractors, and emissions caused by diesel tractors will also be completed eliminated with better adoption of electric farm tractors by farmers. Electric farm tractors also have better torque output than diesel tractors as a motor is running the vehicle, which makes it easier to pull heavy agricultural implements on the field.
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There are limited manufacturers of electric farm tractors at present as the market is still in the growing stage. Some of the key companies offering electric farm tractors include Deere & Company, Monarch Tractor, and Kubota Corporation. With increased research and development related to the technology, the adoption scenario of electric farm tractors is expected to grow manifolds in the forecast period 2021-2026.
Electric farm tractors are offered with multiple configurations with respect to tractor type, battery type, and drivetrain technology. Light-duty, medium-duty, and heavy-duty electric tractors are offered by manufacturers. Farmers can opt for the tractors which they find suitable for their field operations. Also, by battery type, lithium-ion, lead-acid, and other battery type options are offered by the manufacturers. By drivetrain technology, electric farm tractors are offered in hybrid electric, plug-in hybrid electric, and battery electric specifications.
One of the major challenges in the better adoption of electric farm tractors is the low battery life that is offered by these tractors. Since the market is still in the initial stages, the battery life offered by these electric tractors is quite low, which is expected to become a hindrance in the adoption of these tractors by farmers. With further research on the technology, better battery capacity is expected to be offered by electric farm tractor manufacturers, which are expected to grow the market in the forecast period 2021-2026.
There has been a recent push in the agricultural industry toward agricultural mechanization and digitization. The deployment of modern agricultural equipment is pushed by government bodies all over the world. Electric farm tractors have the ability to revolutionize the current agricultural setup and increase agricultural production and efficiency by manifolds. Increased subsidies offered to farmers on purchasing electric farm tractors is a great solution against the low adoption of these tractors in the current scenario. This will push the adoption of electric farm tractors and thereby increase agricultural production.
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A major factor driving the farm electric farm tractor market is the increase in government initiatives and support toward agricultural digitization. Government initiatives increase the awareness of electric farm tractors and the benefits of these tractors over conventional diesel. One of the major challenges in the growth and development of the global electric farm tractor market is the low battery life offered by these tractors. Farmers might not be attracted to these tractors as low battery life might act as a hindrance in their field work.
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