A regeneration and brake management system includes a prime mover (22, 26), an energy storage device (38A, 38B) associated with the prime mover (22, 26), and a regenerative braking system (40) including a controller (32, 34, 35, 36) and at least one friction brake (42, 152, 154, 156, 158), wherein the regenerative braking system (40) is configured to at least partially disable the at least one friction brake (42, 152, 154, 156, 158) during regenerative braking.