TECH - Flying Cars Are Here But It May Take Some Time Before They Land | Benzinga
The era of electric vertical take-off and landing vehicles (eVTOLs) is upon us, with the latest CNBC Tech podcast episode shedding light on the industry’s rapid advancement and the challenges it faces.
What Happened: A recent episode of CNBC Tech’s “Beyond the Valley” podcast delves into the burgeoning market of eVTOLs, often dubbed flying cars. The podcast, hosted by Arjun Kharpal and Tom Chitty, explores the potential and challenges of this innovative mode of transportation that could revolutionize urban and intercity travel.
As reported by CNBC on Sunday, eVTOLs are all-electric aircraft capable of vertical takeoffs and landings, offering a compact and efficient alternative to traditional airplanes and helicopters. These vehicles are seen as a solution to urban congestion and could serve as a new form of short-distance travel.
Companies worldwide, from the U.S. to Europe and China, are actively developing eVTOLs. The eVTOL market is projected to be worth a staggering $1 trillion by 2040, according to JPMorgan, with numerous firms vying for leadership in this high-stakes industry.
Urban integration of eVTOLs raises ...