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.
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