Electric PWC: The Quiet Revolution in Personal Watercraft

The electric PWC market is gaining momentum, with companies like Taiga Motors and Candela Speed Boat leading the charge. Founded in 2015 by Gabriel Bernatchez, Taiga Motors has developed a range of electric PWCs with a top speed of 65 mph and a range of up to 45 miles. Meanwhile, Candela Speed Boat, founded in 2014 by Gustav Hasselskog, has introduced the Candela Seven, an electric hydrofoil that can reach speeds of 30 knots. With a growing list of manufacturers and models, the electric PWC market is poised to disrupt the traditional gas-powered industry. As of 2022, the global electric PWC market size was valued at $120 million, with an expected growth rate of 20% per annum. However, the high cost of electric PWCs, ranging from $15,000 to $50,000, remains a significant barrier to adoption. Despite this, the environmental benefits and reduced operating costs of electric PWCs are expected to drive demand in the coming years.