A horizontal directional drilling rig is described. The rig can be entirely electrically powered. The performance (or "health") and/or the life cycle of individual components of the rig can be electronically monitored. This permits identification of specific individual components that are performing in a substandard manner or are not performing properly or have reached the end of their life cycle. Individual improperly performing components or components at the end of their life cycle can thus be specifically identified. The improperly performing component(s) or components at the end of their life cycle can then be replaced. In some embodiments, when a component is identified as performing improperly, the operation of other, properly functioning components of the rig can be modified accordingly to account for the improperly performing component.
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