There’s a future where we don’t need roads and regular folks like you and me can jump into a boat-sized electric pod and just fly anywhere on a whim. While we’ve been perfecting the miracle of human flight for more than a century, instant air transportation has long been relegated to science fiction.
But in the last decade, many companies have stepped up to help get flying cars and air taxis out of the Hollywood movie magic bubble. Startups like Joby Aviation and Archer are building electric vertical take-off and landing (eVTOL) aircraft that can taxi several people around in the sky without burning nasty fuel. The air taxi dream is already passing some regulatory milestones: the FAA has now established rules.
Although these vehicles aren’t exactly the “flying cars” we’ve imagined, this is a rapidly growing new field with big established automakers like Toyota, Hyundai, Stellantis, and others either bankrolling their own ventures or one of the dozens of startups. And there’s a whole lot of drama and unpredictability in this new industry, from fighting over “stolen” patents to the companies that’ve failed to survive, like Lilium and the Larry Page-funded Kitty Hawk. Scroll down to read the latest on air taxis.