Carbon Neutrality is coming, but we could do more!

General Motors is re-entering the ship power business. General Motors announced on Monday that it would acquire a stake in a ship start-up company for US 0.15 billion, which may surprise some people, but the acquisition of a company that makes electric boats is just another part of the company’s goal to take up the electrical boat market share.The North American market is the fastest growing electric boat market in the world and is expected to be worth 90 million US dollars by 2026.

"GM's stake in Pure Watercraft represents another exciting opportunity to extend our zero-emission goals beyond automotive applications," said Dan Nicholson, GM's vice president of global electrification, control, software and electronics . "Building on GM’s existing efforts and strategically deploying our technology in the railway, truck and aerospace industries, the combination of the expertise of these two companies should produce future zero-emission marine products that will provide consumers with More choices than before."