The aviation industry is looking for its own Tesla

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To date, a handful of startups have made strides toward the electrification of air travel. And their initiatives are attracting investments from...

) have turned out entire fleets of EVs in recent years, aircraft manufacturers are much further away from electrifying the industry.

It’s unclear when Generation 6 will receive certification to fly commercially, but the company has already performed roughly 1,700 test flights across multiple generations of the aircraft.Just as hybrid cars have become the interim step to going all electric for the auto industry, the aircraft industry is going electric in steps.), which is currently working on a 15-foot-long hybrid eVTOL, initially targeted toward municipality use and emergency situations like hospital transports.

Ground crews prepare an Emirates Boeing 777-300ER aircraft, powering one of its engines with 100% Sustainable Aviation Fuel , for a demonstration flight at the Dubai International Airport in Dubai, on Jan. 30, 2023. The UN's International Civil Aviation Organization wants the overall SAF pool to increase from today's levels of less than 1% to"We think that's very achievable,” Gavin Towler, chief sustainability officer at Honeywell, told Yahoo Finance.

“Price is the biggest challenge that we face today," he said. "The second is also having the same quality of the sustainable aviation fuel across the world."When buying a car, many people hope to make a worthwhile purchase that will serve them for an extended amount of time. Then, when they're ready to upgrade to a new vehicle, people hope to get a decent chunk of change when they decide to sell their used ride.

 

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