Globally, traffic congestion could cause serious negative effects, such as wasting the time of motorists and commuters, which leads to late arrivals at work, conferences, and education, which might lead to financial debits, disciplinary measures, or other personal losses. The increase in fuel consumption when wasted contributes to greater air pollution and carbon dioxide emissions. Furthermore, traffic congestion contributes to about 40% of worldwide transportation emissions or approximately 750 million metric tons of CO2 equivalent. sponsored post. Fortunately, the promise of improved air mobility may be able to assist cut those emissions while also saving time and money. (1) Taking flight, eVTOL could be the world’s next trillion-dollar electric vehicle market.
By 2050, it is said that about 70 to 80% of the world’s population would be urbanized. The need for efficient and sustainable mobility solutions is immediate. That is why the next trillion-dollar industry is said to be taking off. The electric vertical take-off and landing (eVTOL) market could have an addressable market of nearly $1.5 trillion by 2040. Expenditures in autonomous flying aircraft are accelerating, with implications for the future of passenger travel, military and defense applications, and freight and package transportation (2) So let me ask you, is it possible to have a potential, solid growth ahead for the industry? Well, it could be! Thanks to these multiple catalysts with these other eVTOL markets!
As a result, these other top aerospace and auto companies are said to be contributing to eVTOL, as a potentially disruptive new transport mode. EVTOLs might be able to help reduce emissions significantly. After all, fueled by electric power, eVTOL vehicles are considered as a quiet, low-emission form of transportation that could revolutionize how we travel. Check the disclaimer on my profile. With road congestion, overstretched public transport networks, and other transportation issues plaguing many urban areas globally, eVTOL air taxis might provide quick, direct, and clean mobility. That should keep low-emission-seekers happy and eVTOL growth could take flight with the rapid development of urbanization.
Source 1: https://flyastro.com/media/uploads/98429_AstroAerospace_InvestorsDeck.pdf
