Electric Ski-Doos in works
The Canadian Press - Mar 25, 2021 / 6:39 am | Story: 329018
Photo: Ski-Doo
BRP Inc. said Thursday it will invest $300 million over five years in a plan to offer electric versions of its recreational vehicles in each of its product lines by the end of 2026.
"We have always said electrification was not a question of 'if' but a question of 'when'. Today, we're very excited to unveil more details of our plan to deliver market-shaping products that will enhance the consumer experience by offering new electric options," BRP chief executive Jose Boisjoli said in a statement.
"We are leveraging our engineering know-how and innovation capabilities to define the best strategy for developing electric-powered products," he added.
As part of the plan, BRP will expand its Rotax electric power unit development infrastructure in Austria and establish an electric vehicle development centre in its hometown of Valcourt, Que.
BRP said it expects to introduce the first product to the market within the next two years, followed by a rapid rollout across all of its product lines.
The announcement came as the maker of Ski-Doos and Sea-Doos reported its fourth-quarter profit more than doubled compared with a year earlier.