Manufacturers are competing to launch the first electric aircraft, reports Seeking Alpha. The competition could lead to the launch of the first commercial passenger flight of an electric vertical take-off and landing in the next three to five years.
- Whereas Advanced Air Mobility could capture around 30% of the express post/same-day delivery market, greater uptake is expected in low-cost last-mile connection options that interface easily.
- Last week, United Airlines announced it would buy 200 eVTOL aircraft from Archer, a deal valued at $1 billion with an option for an additional $500 billion of the planes.
- Major auto and aviation players such as Toyota and Airbus are also pursuing the flying taxi market.
- In December, the Federal Aviation Administration announced new drone rules to open the skies for widespread commercial deliveries, allowing operators to fly small drones under certain conditions.
The electric vertical take-off and landing market is projected to double in size to as high as 30,000 due to the aircraft replacement cycle and as batteries evolve.
