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Fortune·4 min read·medium

Electric air taxis are finally ready for takeoff

A
Alexei Oreskovic
Electric air taxis are finally ready for takeoff
✦AI Summary

Electric air taxis, specifically eVTOLs, are on the verge of becoming a reality, with companies like Joby Aviation preparing for federally sanctioned pilot projects this summer. These aircraft promise significantly faster and eventually similarly priced travel, bypassing ground traffic and offering a new axis of transportation. The technology combines helicopter, airplane, and drone traits, aiming for ease of use comparable to ride-sharing services.

Why it matters

The advent of electric air taxis could revolutionize urban and regional transportation, offering a faster, potentially more sustainable, and efficient alternative to traditional ground travel, significantly impacting urban planning, logistics, and daily commutes.

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A cab ride from Midtown Manhattan to New York’s John F. Kennedy International Airport today costs about $100, takes between 45 minutes and two hours—traffic depending—and includes up-close views of the soot-covered trash dotting the Van Wyck Expressway.

Paul Sciarra, executive chairman of Joby Aviation, thinks it’s time for an upgrade: A traveler will soon be able to make the same journey in less than 10 minutes, he says, all while enjoying views from more than a thousand feet up in the sky. Eventually, it will cost about the same, too.

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