eBoat Tour in Norway

📅 ELECTRIC BOAT - MARKET OUTLOOK

The North American electric boat market is experiencing significant growth, driven by increasing environmental awareness, advancements in battery technology, and supportive government policies. In 2022, the market was valued at approximately USD 2.42 billion and is projected to reach around USD 5.43 billion by 2028, reflecting a compound annual growth rate (CAGR) of 14.5% during this period. ​

Key Factors Driving Growth:

Environmental Regulations: Stringent emission standards are encouraging the adoption of electric propulsion systems in marine vessels.​

Technological Advancements: Improvements in battery efficiency and energy storage are enhancing the performance and range of electric boats.​

Government Initiatives: Policies promoting sustainable transportation and investments in charging infrastructure are facilitating market expansion.​

Market Segmentation:

• By Boat Type: The market comprises pure electric and hybrid boats, with pure electric models holding a larger share in 2022.​

• By Battery Type: Lithium-ion batteries dominated the market in 2022 due to their higher efficiency and longer lifespan compared to nickel-based and lead-acid counterparts.​

• By Application: The recreational segment led the market in 2022, driven by the growing popularity of leisure boating activities.​

The United States accounted for the largest market share in 2022, supported by a robust boating culture, extensive waterways, and proactive environmental policies. ​

The North American electric boat market is poised for substantial growth, with technological innovations and supportive policies expected to address current challenges and further drive adoption.

⚓️ eBOAT TOUR IN NORWAY

Bonseye offers electric boat tours in Norway, providing visitors an environmentally conscious way to explore Geirangerfjord and surrounding areas. The tours use rigid inflatable boats (RIB) powered by electric motors, specifically designed to minimize environmental impact by eliminating fuel emissions and noise pollution.

The boat used by Bonseye is a high-performance electric RIB equipped with a robust, quiet electric propulsion system. This system delivers substantial torque and smooth acceleration, making the vessel suitable for navigating narrow fjords and steep coastline areas. The absence of engine noise enhances wildlife sightings and visitor experience.

Bonseye's electric propulsion system is powered by a battery pack capable of supporting extended excursions, offering reliability and adequate cruising speeds. The electric motor requires minimal maintenance compared to traditional engines, increasing operational efficiency and decreasing downtime.

Tours include visits to culturally significant locations, such as historic mountain farms overlooking the fjords and Europe's deepest lake, Hornindalsvatnet. Bonseye emphasizes environmental stewardship and cultural preservation, aligning their sustainable boating practices with immersive educational experiences.

Check out this interview that describes this beautiful tour using an electric boat:

🌊 NEXT GEN ELECTRIC PROPULSION SYSTEM

Yamaha Motor Co. has unveiled the next evolution of its HARMO electric propulsion system, scheduled for release in Japan in June 2025. The system integrates a high-thrust electric motor, advanced steering capabilities, and Yamaha’s proprietary Helm Master EX digital control system.

The HARMO unit is mounted in the same manner as a traditional outboard. It includes a rim-drive electric motor that delivers power through a compact, efficient setup. The electric propulsion system allows for near-silent operation and precise control, with joystick maneuverability enabled through Helm Master EX integration.

Key technical features:

• Electric Drive: Rim-drive unit with high torque output, optimized for low-speed maneuvering and harbor navigation.

• Steering System: 140-degree total steering angle, improving docking and tight-space handling.

• Installation: Similar mounting style to conventional outboards, designed for ease of retrofit.

• Control: Compatible with Yamaha’s Helm Master EX system, offering joystick control and digital rigging.

This new HARMO system targets commercial operators and leisure boaters looking for quiet propulsion with modern handling systems. The launch marks Yamaha’s continued investment in electric marine systems and hybrid watercraft platforms.

🖌️ELECTRIC RUNABOUT

Lancer Craft and Elco have introduced the Electric Legacy, a 20-foot runabout that combines classic design with modern electric propulsion. The boat features a fiberglass hull with a mahogany-like finish, offering the aesthetic appeal of wood without the associated maintenance. Powered by Elco's EP-250 electric motor, the Electric Legacy achieved a top speed of 33.9 mph during initial sea trials, with expectations to reach 35.7 mph after further adjustments. The boat's design includes a sharp entry and 14-degree deadrise, contributing to a smooth ride. Inside, it offers luxurious seating for six, with attention to detail evident throughout the cockpit and dash. This collaboration aims to provide a blend of timeless style and contemporary electric technology. ​

For more, checkout this article and test drive from Boating Magazine here.

🌊 SOCIAL MEDIA POST OF THE WEEK

Nice photos from Lumen Yachts - electrification meets refinement!

📅 ELECTRIC BOAT - MARKET OUTLOOK

The electric boat market in North America and Europe shows significant growth, driven by environmental concerns, government regulations, and demand for sustainable marine solutions. In North America, the market reached USD 2.415 billion in 2022, with projections to hit USD 5.432 billion by 2028, reflecting a compound annual growth rate (CAGR) of 14.5%. Key countries include the United States, Canada, and Mexico, where recreational boating, water sports, and tourism fuel expansion. The United States dominates, supported by infrastructure development and policies promoting eco-friendly transport. Canada exhibits the fastest growth, with a projected CAGR of 13% from 2024 to 2029, tied to its extensive waterways and focus on reducing maritime emissions. Data comes from Business Market Insights and Mordor Intelligence.

Europe holds the largest global share, accounting for 34.5% of the market in 2022, valued at approximately USD 1.75 billion within a global total of USD 5.1 billion. Forecasts suggest growth to USD 4.35 billion by 2030, with a CAGR of 13.7%. Northern European nations like Norway and Sweden lead adoption, emphasizing commercial and recreational uses, while Mediterranean countries integrate electric boats into tourism and passenger transport. Stringent regulations, such as the European Union’s Clean Maritime Agenda, and advancements in battery technology drive this trend. Sources include Market Research Future and Straits Research.

Both regions benefit from rising consumer interest in zero-emission vessels and expanding charging infrastructure. North America focuses on recreational demand, while Europe prioritizes sustainability and regulatory compliance, positioning it as the market leader.

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