Once someone becomes interested in an electric boat due to its significant benefits over a diesel engine,  they often ask, “How much does an electric boat cost?”

The short answer is going electric on a new boat costs more up front and less in the long-run in three ways.

Electric motors don’t by themselves cost more than a diesel or a gas engine. What makes an electric motor cost more is a good-sized lithium battery bank. But,  by investing in the lithium battery bank upfront, you save money in the long run by not having to ever buy fuel in addition to electric systems needing less repairs and maintenance and having a higher resale value.

Click here to read more