A Unique Way To Play The Coming $700 Billion Electric Vehicle Boom
Yahoo Finance -June, 5, 2023 - News
The global electric vehicle market is a crowded space valued at nearly $194 billion in 2022 and set to reach an astounding $694 billion by 2030
The waterways are going electric, too, and the playing field is much less chaotic, with the clear first-mover advantage going to Vision Marine Technologies (NASDAQ:VMAR), with its proprietary PowerTrain outboard motor and the launch of the fastest electric speedboat in its class on the market.
The electric boat market is set to grow at a CAGR of nearly 13%. By 2030, this market will be worth almost $15 billion, and it’s much easier to navigate.
As we speak, the multi-billion-dollar boat battery market is undergoing its biggest transition since the invention of the boat motor itself.
And VMAR has successfully developed the world’s most powerful marine electric motor, with proprietary technology. First revenues from the PowerTrain are coming this year, along with a second revenue chain in the form of a disruption to the boat rental market.
More recent mentions of Vision Marine Technologies Partnership with Four Winns
- Four Winns and Vision Marine Technologies develop all-electric bowrider – Canadian Manufacturing
- The new H2e, The finer side of electric boating – Four Winns
- VMT Electric Outboard Motors Selected by Groupe Beneteau – Southern Boating
