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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
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