Brifing

Electric air taxis are becoming a reality

From New York to Los Angeles, electric air taxis are in testing phase

Fortune | FORTUNE2 min

1Air taxis could solve traffic problems

Paul Sciarra, executive chairman of Joby Aviation, claims the trip from Manhattan to JFK Airport will drop from 45 minutes to just 10. Electric Vertical Takeoff and Landing (eVTOL) vehicles are designed to bypass traffic congestion. These aircraft are quieter than helicopters and touted as safer. Commercial operations are targeted to launch by the 2028 Los Angeles Olympics.

2Pilot projects launching in the U.S.

This summer, federally approved pilot projects will begin across the U.S. Companies like Joby Aviation, Archer Aviation, and Beta Technologies will test eVTOLs for cargo and passenger transport. Tests will take place in states like Florida, Texas, and New York/New Jersey. If FAA approval is granted, these vehicles will become the first new category of civil aircraft certified in decades.

3How eVTOL technology works

eVTOLs use electric rotors to take off vertically and transition to horizontal flight. Joby's aircraft carries four passengers and a pilot, has a 100-mile range, and produces far less noise than traditional helicopters. Archer Aviation's Midnight model operates with 12 rotors. These vehicles are considered safer than single-rotor helicopters because each rotor operates independently.

4Investors and partnerships

Joby Aviation has secured investments from major companies like Toyota, Uber, and Delta Air Lines. With a market cap of $7.6 billion, it will begin tests in New York and Florida. Archer Aviation, backed by United Airlines, has reached a $3.7 billion valuation. Beta Technologies, supported by Amazon and GE Aerospace, has already completed test flights in Maryland and Virginia.

5Safety concerns and public perception

Gaining public trust is crucial for air taxis to take off. Cantor Fitzgerald analyst Andres Sheppard notes eVTOLs' multi-rotor design is safer than helicopters. Bain & Company's Mattia Celli highlights electric aircraft require less maintenance, reducing risk. However, FAA certification is still pending, and skepticism remains about this new technology.

6Air traffic control challenges

eVTOLs will fly below 4,000 feet on short routes, complicating air traffic control. Raymond James analyst Savanthi Syth says automated systems will be needed if hundreds operate in a city. Unlike traditional planes, these vehicles flying in close proximity will demand new air traffic management solutions.

7Cost and accessibility

Initially seen as a luxury service, air taxis are expected to eventually match traditional taxi prices. Joby claims a JFK trip will cost comparable to current cab fares. However, early adoption will likely be limited to certain cities and high-income customers.

8The future transportation network

eVTOLs could create a new transportation axis by overcoming physical barriers like mountains and traffic. They’re ideal for short trips in congested cities like Los Angeles. Commercial operations are planned by the 2028 Olympics. If successful, these vehicles could revolutionize urban mobility.

Original article: Fortune | FORTUNE — Elektrikli hava taksileri gerçek oluyor