Connect with us

    Hi, what are you looking for?

    Videos

    A comprehensive guide for investors on sustainable boating practices

    The future of sustainable boating market is rapidly approaching as the boating industry goes green. Yahoo Finance’s Pras Subramanian breaks down the latest developments speaking to industry experts then takes a ride in an electric Boston Whaler.
    The electric boat market alone is expected to grow to $7.7 billion by 2030, more than doubling the current market. So how can investors play the growing sustainable boating space? Citi Leisure and Travel Analyst James Hardiman suggests Brunswick (BC). “They have a regular business between their boats, their engine business, and then their parts and accessories, which are sort of the cash cows, right, and that allows them to invest in future technologies, and ultimately future-proofing their business,” Hardiman says about Brunswick’s investments in sustainable boating technologies, specifically electrification. Sustainable fuels, like eFuels, are another green alternative poised to play a role in the future boating industry. “There’s about 12 million registered power boats in the United States today that are going to rely on liquid fuels for quite some time,” says Jeff Wasil, Director of Environmental Health and Safety Compliance with the National Marine Manufacturers Association. eFuels work with traditional boating infrastructure while providing reliable power, which makes it a viable option not only for existing recreational boats but also for larger cargo ships.
    #youtube #boating #yahoofinance
    Subscribe to Yahoo Finance:

    About Yahoo Finance:
    At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.

    Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
    To learn more about Yahoo Finance Plus please visit:

    Connect with Yahoo Finance:
    Get the latest news:
    Find Yahoo Finance on Facebook:
    Follow Yahoo Finance on Twitter:
    Follow Yahoo Finance on Instagram:
    Follow Yahoo Finance Premium on Twitter:

    You May Also Like

    Stocks

    As gasoline and vitality prices improve world wide and particularly in the US, the pursuit for renewable vitality sources has change into much more...

    Stocks

    Kellogg, one of many largest suppliers of packaged meals in the US and the world, has maintained a usually consolidated management of all of...

    Stocks

    As fears of inflation are affecting your entire United States financial system, one sector that’s taking over the brunt of the injury is the...

    Stocks

    Again in April, Tesla and SpaceX CEO Elon Musk made main waves when he introduced his intent to buy the social media platform Twitter...