Eaton Corp. has announced a new program designed to assist fleet owners who apply for the $156 million in grants for diesel hybrid trucks now available under the American Recovery and Reinvestment Act (ARRA).
Under the federal Diesel Emission Reduction Act (DERA), funding is available for up to 25% of the cost of a new hybrid truck, as long as an existing diesel truck is taken out of service for each hybrid purchased.
“This program is a unique opportunity for fleets to dramatically reduce vehicle emissions and fuel consumption while shortening their payback period for an investment in hybrid power,” said Dontia Warren, market development manager for Eaton’s Hybrid Power business unit. “This is a significant investment by the U.S. Government to help offset the initial costs of these clean vehicle solutions. Eaton has been working with industry experts and non-profit stakeholders to help fleet owners complete grant applications to apply for funding for new hybrid trucks.”