Airborne Ubers (UBER) could become more normalized by 2025, at least according to Joby Aviation (JOBY). Electric vertical takeoff and landing vehicles (eVTOLs) aim for efficient, battery-powered transport akin to urban Ubers or Lyfts (LYFT) in the sky.
With backing from major players like Delta (DAL) and Toyota (TM), Joby thinks they can be first to market in the crowded space. However, regulatory approval remains a key hurdle. The Federal Aviation Administration thinks a competitive, scaled air taxi market could launch in at least one location by 2028.
Yahoo Finance spoke with industry investors, officials, and analysts, and traveled to Joby’s manufacturing facility in Marina, Calif., to get a closer look at what to expect from this emerging sector. For those looking to play the future of aviation, regulatory hurdles, lack of infrastructure, and customer affordability are among the top considerations when sussing out eVTOL investments.
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