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Why?
Ground effect vehicles need less energy then planes for similar speeds. The problem is that they are fast and handle badly. So you need large flat areas, which basically means large bodies of water. On land we have high speed rail anyway. So a vehicle like this, probably larger, would be good for connections between Dublin - Liverpool or Busan - Fukoka, which connect islands to the mainland.
Apparently, the Caspian Sea Monster is back, and it’s electric now. :) If I had a need for watercraft (I live on land and I don’t need more than a SUP board), this would be something that I’d try building (naturally with seatbelts and airbags to survive a crash). :)