2024 Gussies

⚓️ PWC

The electric personal watercraft (PWC) market has experienced significant developments, reflecting growing consumer interest and technological advancements.

Market Growth and Consumer Demographics

Recent analyses indicate that the electric PWC market is projected to expand from $2.32 billion in 2023 to $2.49 billion in 2024, representing a compound annual growth rate (CAGR) of 7.5% (Source). This growth is largely driven by environmentally conscious urban professionals aged 30-45 with high disposable incomes, who are willing to pay a premium for sustainable luxury products (Source).

Economic Considerations

While the initial purchase price of electric PWCs may be higher than conventional models, the total cost of ownership is becoming more competitive. Elimination of fuel costs, reduced maintenance requirements, and potential government incentives contribute to the economic appeal of electric PWCs for both private owners and rental fleet operators (Source).

Industry Outlook

The electric watercraft market, encompassing PWCs, is expected to reach USD 2,739 million by 2030, with a CAGR of 8.6% from 2024 to 2030 (Source). This growth is attributed to increasing environmental awareness, technological advancements, and supportive infrastructure development.

In summary, the electric PWC market is poised for substantial growth, driven by technological innovations, expanding infrastructure, and shifting consumer preferences towards sustainable recreational activities.

🏄🏾‍♂️ E-FOIL

E-foils are an innovative watercraft that combine the principles of hydrofoiling with electric propulsion, creating a riding experience that feels like flying over water. The first commercially available e-foil was sold in 2017, developed by Lift Foils, a company that pioneered the technology and set the standard for this emerging market.

Here are the top 12 reasons to consider getting an e-foil:

1. Provide a unique and exhilarating sensation of flying over water.

2. Quiet electric motor ensures a peaceful and serene experience.

3. Environmentally friendly, producing zero emissions.

4. Minimize impact on marine ecosystems.

5. Easy to learn and accessible for beginners.

6. Compact design makes storage and transportation simple.

7. Versatile and suitable for various water conditions.

8. Allow for year-round use in suitable climates.

9. Require minimal maintenance compared to other watercraft.

10. Long-lasting batteries provide extended ride times.

11. Promote physical activity, improving balance and core strength.

12. Adjustable speeds allow for a customizable riding experience.

Since their introduction, e-foils have grown in popularity due to their ability to combine cutting-edge technology with the excitement of water sports. Riders of all skill levels can enjoy them, and their eco-friendly design aligns with the growing demand for sustainable recreational activities.

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🛝 2024 GUSSIES ANNOUNCED

As mentioned last week, the 2024 Gussies were announced earlier in December (Plug Boats runs this award program). Here's the list of the 2024 Gussies Electric Boat winners:

Electric Boats Up to 8m (26ft)

• Production Boat: Sun Concept EVO 7.0 Cruise
  The Sun Concept EVO 7.0 is a solar-powered boat designed for calm and sheltered waters, suitable for protected coastal areas and lagoon and riverside areas.

• Concept/In Development Boat: ENVGO NV1
  The ENVGO NV1 is a 25-foot electric hydrofoiling cruiser that blends luxury with high performance, offering a range of up to 80 miles and speeds reaching 50 mph.

Electric Boats Over 8m (26ft)

• Production Boat: Sialia 45 Sport
  The Sialia 45 Sport combines advanced boat design and electric powertrains, delivering a unique experience of electric boating without compromises, with a top speed of 45 knots and a range of 75 nautical miles.

• Concept/In Development Boat: Optima e14
  The Optima e14 is an ultra-efficient, lightweight 100% electric boat designed for leisure and commercial markets, offering a range of up to 150 nautical miles on one charge.

Electric Sailboat

• Winner: Fountaine Pajot Aura 51
  The Aura 51 is the largest non-flybridge sailing catamaran in the Fountaine Pajot range, featuring cutting-edge electric propulsion technology with 2 x 25 kW motors and integrated solar panels.

Retrofitted/Customized/DIY Electric Boat

• Winner: Vital Spark Paul Sparrow V3
  Vital Spark is a unique front-steer three-point hydrofoil powered by a 6 kW electric motor linked to a small battery and a 5 kW hydrogen fuel cell stack, designed for sharp fast turns and incredible efficiency.

Electric Workboat

• Winner: EF12 Workboat by Artemis Technologies
  The EF12 Workboat is the world's first 100% electric foiling commercial workboat, providing a solution for ports and harbors to help decarbonize their operations, with a top speed of 31 knots and a foiling range of 55 nautical miles.

Electric Commercial Passenger Vessels:

• In Operation: hyke Shuttle 0001
  The hyke Shuttle 0001 is a new passenger shuttle service launched in Fredrikstad, Norway, featuring a 15-meter-long vessel with a power output between 60 kW and 150 kW, depending on the version.

• In Development: Wada Hoppah 58
  The Wada Hoppah 58 is an electric commercial passenger vessel currently in development, aiming to provide sustainable and efficient transportation solutions.

This list highlights the innovations and sustainability efforts in the electric boating industry, showcasing both operational models and groundbreaking concepts.

🖌️ SOCIAL MEDIA POST OF THE WEEK

Candela’s electric ferry in action!

📄 RILEY AND CASEY

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