Latest news with #eVTOLs
The Herald Scotland
a day ago
- Automotive
- The Herald Scotland
Trump takes big step to make flying cars a reality
"This year, flying cars are not just for the Jetsons. They are also for the American people in the near term," Michael Kratsios, director of the White House Office of Science and Technology Policy, told reporters. Trump in an executive order directed the Federal Aviation Administration to expedite approval for routine commercial drone operations that retailers such as Amazon have said are crucial to expanding airborne deliveries. Orders that Trump signed will also allow manufacturers to begin testing flying cars and removed regulatory barriers his administration says are preventing supersonic over land passenger flights from being introduced in the United States. The changes will also allow drones to be used to be used in emergency response situations, including responding to wildfires, and long-distance cargo and medical delivery, the administration says. Trump's order establishes a pilot program for electrical vertical take-off and landing aircraft, known as eVTOLs, a type of flying car, that his administration hopes will lead to public private partnerships across the country. It is based on a 2017 program from the first Trump administration and will apply to emergency medical services, air taxis and cargo deliveries among other areas. The administration says the program will allow companies that are already conducting this type of testing, such as Joby's air taxi service, to partner with state, local and tribal governments. The California-based company plans to begin flight testing in Dubai within months and aims to launch passenger services on the aircraft in late 2025 or early 2026. Flying cars are coming! Here's how they could change the way you travel. Another order instructs the FAA to establish a standard for noise certification and lift a ban on overland supersonic flight. Kratsios said that advances in aerospace engineering and noise reduction have made over land supersonic flight safe, sustainable and commercially viable but federal regulations have grounded the speedy passenger flights and weakened U.S. companies' competitiveness. "The reality is that Americans should be able to fly from New York to LA in under four hours," Kratsios said. Trump separately established a federal task force to review and propose solutions to threats to America's airspace from personal unmanned aircraft and directed his administration to step up enforcement of civil and criminal laws against drone operators who endanger the public or violate airspace restrictions. The directives were issued with the 2026 FIFA World Cup and 2028 Summer Olympics on the horizon.
Yahoo
01-04-2025
- Automotive
- Yahoo
Why Eve Holding Inc (EVEX) is Plunging in 2025?
We recently published a list of . In this article, we are going to take a look at where Eve Holding Inc (NYSE:EVEX) stands against other electric vehicle stocks that are plunging in 2025. The electric vehicle sector surged in popularity during the immediate post-COVID era as investors poured money into what seemed like the future of transportation. Back then, the promise of a green revolution fueled sky-high valuations and bold predictions. But that enthusiasm has since fizzled. Most electric vehicle stocks have plunged significantly and delivered consistent losses to shareholders. Tesla seems to be the only company capable of selling electric vehicles in the West profitably, but even that company has been under tremendous pressure due to the politicization of its brand. After Trump's election, things look even bleaker for these companies and many of them are plunging. That said, many analysts now think that there are buying opportunities here, especially as a large portion of Tesla customers who previously would've bought Teslas are now likely to buy alternative EVs. Trump may also be softer than previously thought on EVs, as EV subsidies are still in place. It's a good idea to take a look at the EV stocks that have been sold off the most so far this year. For this article, I screened the worst-performing electric vehicle stocks year-to-date. I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). An aerial view of an urban skyline with a fleet of eVTOLs flying in formation. Number of Hedge Fund Holders In Q4 2024: 13 Eve Holding Inc (NYSE:EVEX) is an aerospace company specializing in Urban Air Mobility solutions. The stock is down significantly so far in 2025 as Eve Holding announced delays in its eVTOL test flight program and Type Certification process. The company now expects to initiate flight tests by mid-2025. In turn, it pushed back timelines for revenue generation. The company also projected a cash burn of $200 million to $250 million for 2025, significantly higher than the $141 million burned in 2024. Plus, Eve reported a drop in its order book from approximately 2,900 units to 2,800 units by the end of Q4 2024. The company reported a net loss of $40.7 million for Q4 2024 and $138.2 million for the full year. The consensus price target of $6 implies 79.1% upside. EVEX stock is down 38.97% year-to-date. Overall, EVEX ranks 7th on our list of electric vehicle stocks that are plunging in 2025. While we acknowledge the potential of EVEX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EVEX but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
31-03-2025
- Science
- Yahoo
Could electric drones you can sit in take off?
Imagine an electric drone mixed with a fixed wing plane - that is the concept behind a new two-seater aircraft being developed by start-up company, Skyfly. The Axe promises the flexibility of a helicopter but without the cost, noise pollution or carbon emissions. It is a vertically capable aircraft, or Electric Vertical Take-off and Landing (eVTOL) aircraft, which means it can take off like a helicopter. It also has two fixed wings that allows it to take off and land from a runway. The company claims the Axe has a top speed of 100mph, it can carry up to 172kg - approximately the weight of two 13.5st adults - and has a range of 100 miles, about the distance from Oxford to the Isle of Wight. The team, based near Banbury in Oxfordshire, has taken five years to fine tune the design. "Compared to a conventional aircraft it's got eight motors which is very strange," says Dr Bill Brooks, Skyfly's chief technical engineer. "And it's a tail-first layout called a canard so it's got the tail at the front. The all up weight is 750kg but 240kg of that are batteries so all the structure is carbon fibre to keep it as light as possible," Dr Brooks says. Safety is an important part of the design too. The large wings help it to glide in the event of power failure and there are two motors at the end of each wing so that if one fails the other can compensate. It is also equipped with an emergency ballistic parachute to bring the aircraft and passengers down safely. As well as being safer and cleaner than conventional aircraft, Michael Thompson, Skyfly's chief executive, says electric models are significantly quieter too. "When you're taking off, you're no longer annoying everyone around you from a noise perspective, so I do think electric propulsion brings not only environmental benefits but from a noise pollution point of view, it's a huge benefit as well," he says. Other eVTOLs under development include those looking to provide an electric flying-taxi service like Bristol-based Vertical Aerospace (VA) . VA, as well as Archer and Joby in the US, are designing electric powered aircraft to carry up to four passengers. Skyfly's Axe, by comparison, is more compact and aimed at the private market. The do-it-youself kit-plane comes with a price tag of £250,000. It is aimed at existing pilots who want to transition away from diesel piston engines. Jason Pritchard, executive editor of eVTOL Insights, says it is also likely to appeal to flying clubs in order to train new members: "The eVTOL aircraft industry is still in its infancy with initial operations a few years away, but it also needs to train large numbers of pilots in the coming years," he says. "Additionally, the Axe's design can also train pilots with the skills and controls necessary to land an aircraft without power, which is a necessary tool." While the Axe can be charged up overnight with a conventional three-pin plug, just like EV cars, electric aircraft will need the charging infrastructure to be scaled up. Aerovolt, based in West Sussex, has installed rapid chargers at seven UK airports with 40 more in the pipeline. Its founder, Philip Kingsley-Dobson, says demand is growing. "A lot of piston aircraft can't use leaded fuel in the future so they're looking for alternatives and ways we can decarbonise the lower end of aviation," he says. There are no eVTOL aircraft currently permitted to fly in the UK. Skyfly's Axe has successfully completed manned test flights in both hover and forward flight modes but still needs to be certified by the Civil Aviation Authority (CAA). With 40 pre-orders from buyers all over the world, the company hopes to deliver the new model to customers early next year. A CAA spokesperson said: "We are working with innovators to test and fly brand new forms of aviation that keeps the UK at the cutting edge of flight technology and supports the sector to grow. "New technology comes with new challenges and safety remains our priority in all this work." You can follow BBC Oxfordshire on Facebook, X (Twitter), or Instagram. Flying e-taxi company celebrates key milestone Europe's flying taxi dreams falter as cash runs short Flying e-taxis 'could be as cheap as Uber rides' Civil Aviation Authority Skyfly Vertical Aerospace
BBC News
31-03-2025
- Business
- BBC News
An electric drone you can sit in - could it take off?
Imagine an electric drone mixed with a fixed wing plane - that is the concept behind a new two-seater aircraft being developed by start-up company, Axe promises the flexibility of a helicopter but without the cost, noise pollution or carbon is a vertically capable aircraft, or Electric Vertical Take-off and Landing (eVTOL) aircraft, which means it can take off like a also has two fixed wings that allows it to take off and land from a runway. The company claims the Axe has a top speed of 100mph, it can carry up to 172kg - approximately the weight of two 13.5st adults - and has a range of 100 miles, about the distance from Oxford to the Isle of Wight. The team, based near Banbury in Oxfordshire, has taken five years to fine tune the design."Compared to a conventional aircraft it's got eight motors which is very strange," says Dr Bill Brooks, Skyfly's chief technical engineer."And it's a tail-first layout called a canard so it's got the tail at the front. The all up weight is 750kg but 240kg of that are batteries so all the structure is carbon fibre to keep it as light as possible," Dr Brooks is an important part of the design too. 'Environmental benefits' The large wings help it to glide in the event of power failure and there are two motors at the end of each wing so that if one fails the other can is also equipped with an emergency ballistic parachute to bring the aircraft and passengers down well as being safer and cleaner than conventional aircraft, Michael Thompson, Skyfly's chief executive, says electric models are significantly quieter too."When you're taking off, you're no longer annoying everyone around you from a noise perspective, so I do think electric propulsion brings not only environmental benefits but from a noise pollution point of view, it's a huge benefit as well," he says. Who is it marketed at? Other eVTOLs under development include those looking to provide an electric flying-taxi service like Bristol-based Vertical Aerospace (VA) . VA, as well as Archer and Joby in the US, are designing electric powered aircraft to carry up to four Axe, by comparison, is more compact and aimed at the private do-it-youself kit-plane comes with a price tag of £250, is aimed at existing pilots who want to transition away from diesel piston Pritchard, executive editor of eVTOL Insights, says it is also likely to appeal to flying clubs in order to train new members:"The eVTOL aircraft industry is still in its infancy with initial operations a few years away, but it also needs to train large numbers of pilots in the coming years," he says."Additionally, the Axe's design can also train pilots with the skills and controls necessary to land an aircraft without power, which is a necessary tool." What about charging infrastructure? While the Axe can be charged up overnight with a conventional three-pin plug, just like EV cars, electric aircraft will need the charging infrastructure to be scaled up. Aerovolt, based in West Sussex, has installed rapid chargers at seven UK airports with 40 more in the founder, Philip Kingsley-Dobson, says demand is growing. "A lot of piston aircraft can't use leaded fuel in the future so they're looking for alternatives and ways we can decarbonise the lower end of aviation," he says. 'Cutting edge' There are no eVTOL aircraft currently permitted to fly in the Axe has successfully completed manned test flights in both hover and forward flight modes but still needs to be certified by the Civil Aviation Authority (CAA).With 40 pre-orders from buyers all over the world, the company hopes to deliver the new model to customers early next year.A CAA spokesperson said: "We are working with innovators to test and fly brand new forms of aviation that keeps the UK at the cutting edge of flight technology and supports the sector to grow."New technology comes with new challenges and safety remains our priority in all this work." You can follow BBC Oxfordshire on Facebook, X (Twitter), or Instagram.
Yahoo
09-03-2025
- Automotive
- Yahoo
At $6, this growth share could be a big stock market winner!
One fascinating share I find in the stock market today is Joby Aviation (NYSE: JOBY). It's at $6.60 after rising 24% over the past year, but has fallen 35% since hitting $10 in January. Here's why I think it has the potential to produce big returns over the next few years. Joby Aviation is leading the race to commercialise electric vertical take-off and landing (eVTOL) aircraft. More commonly known as flying electric taxis, they can take off vertically like a helicopter, which means no need for lengthy runways. Unlike helicopters, they fly quietly like a drone. Joby's aircraft currently has a 100-mile battery range and carries four passengers and a pilot, reaching speeds of up to 200mph. They offer an emission-free alternative for regional transport. For example, an eVTOL can fly from JFK Airport to Manhattan in about 7 minutes, compared to 60–90 minutes by car, saving passengers up to 80 minutes of travel time. The company is building vertiports for airport routes first to target this low-hanging fruit. Last year, the firm signed a six-year exclusive deal to launch air taxi services in Dubai, starting in 2026. A flight from Dubai International Airport to Palm Jumeirah could take just 10 minutes, compared to 45 minutes by car. Its partners have broken ground on the first vertiport in its Dubai network. To start with, Joby will offer Uber Black pricing at a per-seat-mile basis. Then it plans to eventually drive prices down to the level of UberX, which is the budget-friendly service. Given the amount of wealth in Dubai, I doubt demand will be a problem! Speaking of Uber, Joby bought the ride-hailing giant's eVTOL venture in 2021. As part of the deal, Uber took a stake and agreed to integrate their services, meaning Joby's air taxis will be accessible via Uber's app. Another partner is Delta Airlines, which plans to integrate the service into its app to ferry passengers between airports and urban centres. Finally, there is Toyota. The automaker recently made another $500m capital commitment, bringing its total investment in Joby to almost $1bn. It is working closely with the firm on manufacturing and certification. Another thing to note is that Joby recently delivered its second aircraft to the US military. eVTOLs have defence applications. Joby is currently progressing through the fourth of five stages to get the aircraft certified. It expects this to be completed by late 2025 or early 2026. So a delay (or worse) is probably the biggest risk here right now. Another challenge would be weak consumer demand, though a recent Honeywell survey found that 98% of US airline passengers would consider taking an eVTOL. A positive here is the balance sheet. At the end of 2024, it had $933m in cash, no debt, plus the additional $500m commitment from Toyota. At the current cash burn rate, this $1.4bn should easily see it through to commercial operations. More cash will then be needed, though I doubt Toyota will abandon its $900m investment. Funding therefore shouldn't be an issue, though shareholder dilution could be. Joby is pioneering flying taxis and they have massive disruptive potential. But it's pre-revenue, making the stock highly speculative. This means it's only suitable for risk-tolerant investors with a long-term horizon to consider. The post At $6, this growth share could be a big stock market winner! appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Ben McPoland has positions in Joby Aviation and Uber Technologies. The Motley Fool UK has recommended Uber Technologies. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
