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Electric sport boats are the most common type of boat amongst casual hobbyists.

Hobby-quality boat speed generally start at around 20 mph and go up from there, and can be just as fast or faster than their internal-combustion counterparts, with the latest in lithium polymer and brushless motor technology.

Ready-to-run speedboats  can reach speeds over 40 mph out of the box and with modifications can reach well into the 50-60 mph range.

These types of boats are referred to as "hobby grade" and can be found only at hobby shops and retailers.

"Toy grade" boats which are obtained through mass consumer retailers, are generally much slower and their maximum speeds are usually less than 15 mph.

Read the full article on Wikipedia.