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Flying Taxis Edge Closer to Reality with eVTOL Advances

Electric air taxis from companies like Joby Aviation and Archer Aviation are undergoing testing and regulatory progress, with Dubai likely to see commercial launches first.

  • Electric vertical take-off and landing (eVTOL) aircraft, capable of speeds up to 200 mph and ranges of 100 miles, are being developed as air taxis by companies such as Joby Aviation and Archer Aviation.
  • The U.S. Federal Aviation Administration has created a new 'powered lift' aircraft category, but regulatory hurdles remain before passenger services can begin in the U.S.
  • Dubai is expected to be the first market for commercial eVTOL services, potentially launching by the end of 2025, as U.S. companies continue to refine their technology and navigate regulations.
  • Joby Aviation and Archer Aviation have raised billions in investments and formed partnerships with major airlines like Delta and United, positioning themselves as leaders in this emerging sector.
  • Despite significant technological advancements, eVTOL companies face challenges, including high development costs, ongoing financial losses, and competition from global players like China.
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