Inside the world of flying cars, or eVTOLs, which are moving closer to reality [CNBC]
JP Morgan Chase & Co. (JPM)
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Source: CNBC
EVTOLs, or electric vertical take-off and landing vehicles, popularly known as flying cars or air taxis, are being developed by firms in the U.S. to Europe and Asia. The eVTOL market could be worth $1 trillion by 2040, according to JPMorgan , and several firms are trying to take the lead. In the latest episode of “CNBC Tech: The Edge” we explore the eVTOL market — its promise and its challenges. Below are some of the companies in the eVTOL space and what they're trying to bring to market. Four of the most common eVTOLs An eVTOL aircraft can take off and land vertically. And it is, of course, powered by electricity rather than traditional fuel. There are hundreds of eVTOL designs in the works, with varying technologies. Here's a look at four of the most common. The “multicopter” operates like a standard drone. It has multiple propellers that help it fly. They are very efficient during take-off, landing, and while hovering, but because they don't have wings, they're incredi
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