The 3 most significant stocks in the flying car market
The flying car market is seeing incredible growth. Its value is expected to grow from $0.42 billion in 2022 to $5.28 billion by 2030, at a compound annual growth rate (CAGR) of 43.7%. This boom is driven by rising purchasing power, changing lifestyles, urban transportation, and population growth. But what is the true potential of flying cars and which companies are leading this innovative market?
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The reasons for the growth of the flying car market
One of the key factors contributing to the growth of the flying car market is the growing emphasis on sustainability. According to a 2021 IBM survey, 77% of respondents prefer sustainable solutions, while only 1% see electric cars as a viable option for everyday use. Flying cars, using vertical take-off and landing (VTOL) technology, offer a greener alternative, especially for longer journeys.
Current transport issues
Road and rail transport face congestion and constraints in urban areas, while water transport is more suitable for long-distance transport. Air transport is too expensive for urban use, making flying cars an ideal solution for urban environments. The introduction of flying cars should therefore attract considerable interest and demand in urban markets in the coming years.
Top flying car stocks:
Joby Aviation $JOBY-1.2%
![JOBY](https://media.bulios.com/media/ticker/d88ee041-3714-4214-bed1-d1a4ada567fa.jpeg)
Joby Aviation, Inc.
JOBYJoby Aviation recently successfully tested its hydrogen-powered taxi and flew 523 miles with just water as a byproduct. Designed for vertical takeoff and landing, this innovative aircraft shows the potential of hydrogen for emission-free regional travel. CEO JoeBen Bevirt emphasized the importance of cleaner air travel and the company's commitment to transforming urban and regional mobility.
Joby Aviation plans flights between cities like San Francisco and San Diego without airports and emissions, with only water as a byproduct. The company also became the first electric air taxi company to receive final airworthiness criteria from the FAA, and has expanded its partnership with the U.S. Air Force to deliver two aircraft by 2025.
Archer Aviation $ACHR-4.6%
![ACHR](https://media.bulios.com/media/ticker/29da0558-6bda-4685-b518-c214b516b5c8.png)
Archer Aviation Inc.
ACHRArcher Aviation is one of the best investments in the flying car market. The company is well positioned among other eVTOL companies and its stock has shown stability since 2023. Archer plans to commercialize its eVTOL models in the U.S. by 2025 and has agreements with India, UAE, and Korea.
The company recently signed a memorandum of understanding with Southwest Airlines to create an air taxi network using Archer aircraft at California airports. The agreement aims to reduce the 90+ minute car rides to 20 minute flights and promote a low-noise and safe travel option.
EHang Holdings $EH-4.3%
China's leader in autonomous aerial vehicles, EHang, is well-positioned for growth despite recent controversies and a low stock valuation. The company has advanced product development with trial deliveries with DHL-Sinotrans and a partnership with Bao'an District Council for assembly, taking delivery of 13 aircraft in last year's third quarter.
Supportive Chinese policies are allowing EHang to grow and it is expected to be profitable next year. EHang has successfully commercialized eVTOL in China and partnered with China Southern Airlines to develop low-altitude solutions.
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Source: Yahoo Finance, CNBC.