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The flying taxi market is ready for takeoff, changing the travel experience forever

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The market for flying cars, or electric air taxis, is expected to continue growth this decade, soaring to $1.5 trillion globally by 2040, according to a Morgan Stanley Research study.

Electric air taxis come in several shapes and sizes, and many look quite different from conventional fixed-wing aircraft. Electric motors replace jet engines, and vertical takeoff and landing aircraft, designed to avoid the need for long runways, have rotating wings and, in some cases, rotors in place of propellers. Only a few companies are making vehicles that actually look like cars with wings.

four passengers on trips of up to 60 miles at speeds reaching 180 mph. They will be able to cruise at altitudes up to 2,000 ft. Hyundai said the all-electric craft could be recharged in minutes, but did not elaborate on how.

 

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