Cites Expiring Incentives, Diesel Price Stabilization, Rise of NGVs
Eaton confirms that it is exiting the market for hybrid electric vehicles in North America, dropping both power takeoff offerings for utility trucks and fuel-saving parallel drives for delivery trucks, effective immediately. updated June 27
“The decision was dictated by weakened market demand, especially in the United States,” says an Eaton spokesman.
“We’ve notified our customers,” he told F&F.
Contributing factors include expiring government incentives, a general stabilization in diesel prices, and the rise of natural gas as a heavy duty vehicle fuel, the spokesman said.
Continuing in China and Europe
Eaton dropped its HLA – Hydraulic Launch Assist – parallel hydraulic hybrid product line for refuse trucks in 2013.
Eaton will continue to support some 3,900 hybrid electric vehicles currently deployed in North America, the spokesman says.
And, he said, Eaton will continue its R&D efforts aimed at improving its hybrid electric technology. “We’re moving forward in China and Europe,” he said.
“We see great opportunity in both of those regions.”
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Source: Eaton Corp with Fleets & Fuels follow-up