The 'flying taxis' of the future are lifting off

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The 'flying taxis' of the future are lifting off
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Electric air taxi testing is underway, and service could start in the next few years

Some odd-looking aircraft are flying circles above strawberry and lettuce fields in rural California, as the next era in aviation draws closer.Powered by electric batteries and designed to take off like a helicopter but fly like a plane, these newfangled aircraft — now undergoing testing — could soon be certified to whisk you to the airport or elsewhere.or electric vertical takeoff and landing aircraft — essentially cleaner, quieter helicopters.

Most eVTOL companies are targeting fares about equal to an Uber Black trip, which could make them a affordable option.Urban air mobility is billed as the next big thing in transportation — quiet, electric aircraft skipping over congested roadways. Investors have poured $6 billion into newly public eVTOL manufacturers, including Joby Aviation, Archer Aviation and others.After soaring initially, most eVTOL stocks have lost altitude this year amid broader economic woes and timeline uncertainty.Executives at Joby and Archer, widely seen as the leading U.S. players, remain confident, saying their eVTOLs are moving out of the research and development phase and into early commercialization.

"We're going to be building aircraft at volumes that will very soon exceed what are traditional aerospace volumes," he says. "So we had to start with production processes that we knew would scale."The California-based company, which counts Stellantis and United Airlines as investors, recently announced plans to build a manufacturing facility in Covington, Georgia, near Covington Municipal Airport.

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