Vision Marine Technologies Secures Approval for E-Motion™ 180E in California's CORE Program, Offering Up to $170,000 in Vouchers for Electric Boat Propulsion

Reuters
2025/06/18
Vision Marine Technologies Secures Approval for E-Motion™ 180E in California's CORE Program, Offering Up to $170,000 in Vouchers for Electric Boat Propulsion

Vision Marine Technologies Inc. (NASDAQ:VMAR) has announced that its flagship E-Motion™ 180E electric powertrain has received approval for inclusion in California's CORE (Clean Off-Road Equipment) Voucher Incentive Project. This approval allows Vision Marine's propulsion kits to be eligible for point-of-sale vouchers of up to $170,000 per unit. The funding aims to significantly reduce the cost for organizations that are modernizing their fleets with electric propulsion systems. This milestone is part of broader efforts to electrify California's extensive marine sector, which includes approximately 4,400 commercially operated vessels. The approval is expected to drive large-scale electrification of commercial fleets, enhancing Vision Marine's market position as the industry shifts towards cleaner propulsion alternatives. The program benefits multiple organizations beyond Vision Marine, as it applies to both new electric boat builds and retrofit conversions using Vision Marine's certified installers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vision Marine Technologies Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1040845) on June 18, 2025, and is solely responsible for the information contained therein.

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