Flying Taxis Edge Closer to Reality

Flying Taxis Edge Closer to Reality

Flying Taxis Edge Closer to Reality

Advanced air mobility (AAM) may no longer be a pipedream, as several cities around the globe are conducting pilot projects in the hope of launching commercial operations over the next decade. Innovations in AAM could lead to the launch of air taxi services in several spots worldwide, helping commuters to avoid traffic and get to their destinations faster.

Electric vertical take-off and landing (eVTOL) vehicles rely on electric propulsion, powered by electric motors that allow them to take off and land vertically, reducing the urban space needed to transport people. Unlike other aircraft that require a runway, eVTOLs are ideal for busy, urban environments. They are typically powered by batteries rather than internal combustion engines, meaning they do not burn fossil fuels. Some of the benefits of using eVTOL compared to other aircraft include reduced emissions, lower noise pollution, and higher efficiency.

Several companies have emerged in the eVTOL space in recent years, such as Joby Aviation and Volocopter. Companies investing in the space vary from established aerospace firms to innovative start-ups. As the lithium-ion batteries we use in electric vehicles (EVs) continue to improve in range, cost, weight, and efficiency, those same batteries can be used for eVTOL, which is generating more optimism in the AAM space.

The air taxi market is expected to grow from $43 billion in 2025 to $86.6 billion by 2034, according to a Research and Markets report. This anticipated improvement is owing to rapid technological and regulatory advancements and the growing demand for this type of transport. Advanced technologies, such as artificial intelligence (AI), are expected to drive innovation and boost efficiency in the coming years.

Laurie Garrow, the co-director of Georgia Tech’s Centre for Urban and Regional Air Mobility, said that the rollout of eVTOLs will require greater investments in associated infrastructure, such as the Vertiports needed for aircraft to take off and land vertically. In addition, “charging systems and robust fire safety protocols for high-energy batteries” will be key, said Garrow. “And perhaps most critically, we need ‘rules of the road in the sky’ to manage air traffic around existing airports.”

Several countries worldwide are developing eVTOL operations to launch commercial air taxi services over the next decade. In South Korea, in October, Korean Air signed a deal with U.S.-based Archer Aviation to launch commercial electric air taxis, with a view to purchasing up to 100 aircraft.

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