Whenever fuel price at the pumps rose, so did interest in the little Electric OX. Unfortunately in 2008, the economic correction that rippled around the world caught Electric Tractor Corporation in its wake. As oil prices plunged, so too did sales. Despite valiant efforts, the original Electric Tractor Corporation had to close its doors.
As the markets slowly recovered, oil and gasoline prices trended jaggedly upwards, opening up a widening gap with the price of electricity. Advantage Electric Vehicles! The E.V. era has finally emerged. Recognizing this new momentum and the Company’s underlying value, the assets were salvaged. The new Electric Tractor Corp. was born with a vision of making ‘the best little utility tractor on the planet’.
Today, the supply of oil exceeds demand from the world’s major economic engines. The sudden price correction in late 2014 reveals again the volatile nature of gasoline prices to the relative steady path of electricity prices where supply and demand are balanced and benefiting from the shift to more renewable sources. The predictability of electricity pricing is reassuring in a world where fossil fuel prices are 73 times more volatile.
While oil prices find a new footing to rise yet again, we are powering up to introduce a new generation of the Electric Utility Tractor… the Electric 0X2. Three models will serve the special needs of both the commercial and residential markets. Whether the job calls for the simple and hard bull work of an ox or a whisper quiet tractor that will perform multiple tasks year round, the dependable Electric OX is back.
Meet the future of small tractor form and function – The