General Motors announced its acquisition this week of 25% of Pure Watercraft, a company specializing in all-electric boating solutions.
“Building upon GM’s existing efforts to strategically deploy our technology across rail, truck and aerospace industries, the combined expertise of these two enterprises should result in future zero-emissions marine product offerings, providing consumers with more choice than before,” said Dan Nicholson, GM vice president of Global Electrification, Controls, Software and Electronics.
The acquisition is part of a $35 billion investment push in electric and autonomous vehicle technology by the carmaker through 2025.
According to the IEA’s 2021 global EV report there were 10 million electric cars on the world’s roads at the end of 2020, marking a 41% increase in registration year-over-year.
By 2030 there will be 145 million electric vehicles accounting for 7% of the world fleet according to the stated policies of countries, notes the report.