ACHR - Better Buy: Archer Aviation or Joby Aviation?
2024-04-03 08:15:00 ET
Rapid urbanization across the globe has resulted in transportation issues in many cities. A potential answer to this problem is a unique aviation form known as electric vehicle take-off and landing aircraft, or eVTOL.
These aircraft have been under development for over a decade, and the industry is on the verge of introducing the first commercial-stage vehicles capable of carrying passengers. Companies such as Archer Aviation (NYSE: ACHR) and Joby Aviation (NYSE: JOBY) aim to start commercial flights as soon as 2025.
Image source: Getty Images.
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Better Buy: Archer Aviation or Joby Aviation?