// MARKET TRENDS
“ It also holds many patents related to electric motors, propellers and electric systems, as well as the R & D capabilities, mass-production equipment and development resources for next-generation environmental technologies.”
The sheer volume and diversity of OEMs entering the electric marine space, coupled with significant strategic investments from major conglomerates like Brunswick and Volvo Penta, indicate that electric marine is no longer a fringe market. This broad engagement across luxury, high-performance and recreational segments signify a shift toward mainstream adoption.
The Duffy Bay Island 22 is great for quietly hosting a small group of people out on the water. Fully electric, its top speed is six miles per hour.
Growing interest in sustainable boating
OEMs aren’ t the only ones interested in this market – many boating consumers are also enthusiastic about finding cleaner, quieter and more cost-efficient ways to get on the water.
“ Consumer interest is growing quickly,” said Temple.“ The rising cost of fuel and engine maintenance is making electric a smarter choice long term. There’ s also a new generation of boaters who expect their marine experience to match the smart, sustainable lifestyle they already have with EVs and solar at home.”
Gary Morehouse, owner of Coastal Yacht Management in South Carolina, said the dealership is seeing firsthand the growing momentum behind electric boats. The business sells Duffy electric boats, which have been around for over 50 years.
According to Morehouse, the OEMs’ continued innovation speaks volumes about where the market is heading.
“ We ' re seeing increased consumer interest from both seasoned boaters and first-time buyers who are drawn to the simplicity and sustainability of electric propulsion,” he noted.“ With no fuel costs, minimal mechanical upkeep and an incredibly smooth ride, Duffy boats offer a very appealing experience – especially for those cruising in no-wake zones or along coastal waterways.”
Consumer interest is particularly strong in recreational segments, according to Mobility Foresights’ Global Electric Boat Market report, driven by an increasing demand from freshwater fishing and sailing enthusiasts who seek more sustainable and enjoyable boating experiences.
Interest is also being propelled by advancements in electric boat technology, including higher energy density in batteries and more efficient fast-charging solutions.
24 july / august 2025 www. boatingindustry. com