Flying cars, also known as electric air taxis, have been around us for a long time thanks to sci-fi staples such as “Back to the Future” and “The Jetsons.” But with major brands like Boeing (NYSE:BA), Airbus (OTCPK:EADSF), Hyundai, and Toyota (NYSE:TM) now promising to whisk riders through the skies in flying taxis and receiving a heady dose of Wall Street endorsement, the dream is increasingly getting closer to reality.
Indeed, many experts are now upbeat that air mobility over short distances is closer to becoming a reality than ever before in history, thanks mainly to massive advancements in battery technologies and autonomous flight. And make no mistake about it: Flying taxis have real potential to completely restructure public and private transportation, decongest our roads, and lower greenhouse gas emissions.
In fact, a Morgan Stanley Research study says the autonomous urban aircraft market will continue to mature during the current decade and then boom globally to reach $1.5 trillion by 2040.
This year, we have witnessed two electric aircraft startups go public: Joby Aviation Inc. (NYSE:JOBY), which went public in August, and Archer Aviation Inc. (NYSE:ACHR), which was listed in September, both via SPAC deals.
And, it appears there’s no shortage of electric aircraft companies in the IPO pipeline: Amazon and UPS-backed Beta Technologies have developed Alia, an electric vertical takeoff and landing aircraft, or “eVTOL,” helicopter-like aircraft that can take off and land without runways.c
Flying cars, also known as electric air taxis, have been around us for a long time thanks to sci-fi staples such as “Back to the Future” and “The Jetsons.” But with major brands like Boeing (NYSE:BA), Airbus (OTCPK:EADSF), Hyundai, and Toyota (NYSE:TM) now promising to whisk riders through the skies in flying taxis and receiving a heady dose of Wall Street endorsement, the dream is increasingly getting closer to reality.
Indeed, many experts are now upbeat that air mobility over short distances is closer to becoming a reality than ever before in history, thanks mainly to massive advancements in battery technologies and autonomous flight. And make no mistake about it: Flying taxis have real potential to completely restructure public and private transportation, decongest our roads, and lower greenhouse gas emissions.
In fact, a Morgan Stanley Research study says the autonomous urban aircraft market will continue to mature during the current decade and then boom globally to reach $1.5 trillion by 2040.
This year, we have witnessed two electric aircraft startups go public: Joby Aviation Inc. (NYSE:JOBY), which went public in August, and Archer Aviation Inc. (NYSE:ACHR), which was listed in September, both via SPAC deals.
And, it appears there’s no shortage of electric aircraft companies in the IPO pipeline: Amazon and UPS-backed Beta Technologies have developed Alia, an electric vertical takeoff and landing aircraft, or “eVTOL,” helicopter-like aircraft that can take off and land without runways.
Source : Finance Yahoo
