Electric vertical take-off and landing aircraft have a lot of potential benefits for quickly covering short distances, though big challenges remain. We examine the market’s driving forces, recent advancements, and the industries most impacted.
What you need to know:
- Companies like Joby Aviation, Archer Aviation, Lilium, and Volocopter are nearing eVTOL commercialization, with plans to launch air taxi services as soon as 2025, pending regulatory approvals.
- Regulatory hurdles, infrastructure requirements, and battery efficiency are key challenges that need to be addressed before eVTOLs can become a widespread mode of transportation.
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