The problem with converting a 24 volt system down to 12 volts is that when you do so you double the amperage needed for every function. In other words if a function takes 500 amps on 24 volts it will take 1000 amps on 12 volts. As a result every wire on the machine will also need to "double" in size in order to carry the additional amperage. Not to mention on machine like an excavator, or pretty much any piece of construction equipment wired for 24 volt, there van also be a computer, solenoid valves, gauges, etc, etc that would also all have to be reengineered and changed to operate on 12 volt.
In the end changing voltages on an OLD piece of machinery might not be that big of an issue, but take anything from the 70"s on, and some even further back than that, and it"s just not something that you can economically do.
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