GM would enter the electric flying car market

  • Reading Time:2Minutes

General Motors is starting to explore the market for flying taxis, which would generally open the way to flying cars. However, the move is not surprising, as the U.S. automotive giant has been looking for new opportunities for some time.

An important announcement came from General Motors earlier this week when the head of Detroit company Mary Barra first indicated that GM wanted to open up to the air taxi market. However, the move is not a huge surprise, as the company itself said the opening fits in with plans for electric vehicles as well as the Ultium battery project.

BARRA EMPHASIZED THAT GM STRONGLY BELIEVES IN THE FUTURE OF ELECTRIC CARS AND THE STRENGTH AND FLEXIBILITY OF THE ULTIUM SYSTEM MAKES IT POSSIBLE TO OPEN TOWARDS AIR MOBILITY.

Vertically take-off and take-off air taxis use electric motors instead of classic engines.

Although air taxi transport is still in its infancy, a significant number of analysts say there is great potential in the sector. Not surprisingly, GM’s stock rose 5.4 percent after the announcement. However, investors tend to try to seize opportunities in the sector early. This is because corporate and private investors have so far invested at least $ 2.3 billion in 100 aviation startups.

The area is particularly exciting anyway, but the developments are quite time consuming. Amazon and Walmart, for example, are already dealing with freight drones, but transporting people on flying cars is much more difficult, especially as a sustainable business model.

BUT IN ADDITION TO GM, BIG AUTOMOTIVE COMPANIES ARE ALREADY TRYING TO HAVE THE OPPORTUNITY. HYUNDAI, FOR EXAMPLE, HAS COMBINED WITH UBER IN JANUARY TO DEVELOP ELECTRIC TAXI AND DEDUCT $ 20 BILLION IN INVESTMENTS BY 2025.

Toyota, meanwhile, is a leading investor in a startup called air taxi developer Joby, while Daimler has set itself behind Stuttgart-based Volocopter as an investor. And Porsche is working with Boeing on this as well.

Recent article

EVTOL & VTOL News & Articles

The flying ambulance arrives at lightning speed

EVTOL & VTOL News & Articles

The electric car revolution could continue in the air

EVTOL & VTOL News & Articles

Unmanned aerial taxis flew in a unique formation

Electric airplane News & Articles

NASA’s Innovations: Soaring into an Electrified Flight Future

EVTOL & VTOL News & Articles

Could eVTOLs and Air Taxis Replace Public Transport ?

Additional aircraft News & Articles

The Morphobot: An Innovation in Multimodal Robotics

News & Articles Points of interest

The Dawn of AI Air Travel: Airbus and its Vision for Autonomy

Air taxi News & Articles

Volocopter’s High-Flying Ambitions for the Olympics

News & Articles Propulsion-Fuel

The Horizon of Aviation: Airbus’ Vision for 2035 and Beyond

EVTOL & VTOL News & Articles

A Shift in Aviation Licensing and Training

Drones News & Articles

Russia’s Path to Drone Supremacy

Air taxi News & Articles

Israel’s Pioneering Venture into Drone Transport

Air taxi News & Articles

More efficient air taxis in the future

Air taxi News & Articles

Testing of perhaps the most promising air taxi begins

Additional aircraft News & Articles

Navigating the Future: Autonomous Helicopters Soar High

EVTOL & VTOL News & Articles

Embracing the Future: Seoul’s Leap into Urban Air Mobility
More articles you may be interested in...

Air taxi News & Articles

The Coming Electric Air Taxi Revolution: Competing with Train Tickets ?

The Dutch company, Electron Aviation, is making a bold promise that is set to disrupt.......... READ MORE

News & Articles Propulsion-Fuel

Unveiling the Whisper of Innovation: CycloTech’s Exploration into CycloRotor Noise Levels

In the fast-paced realm of aeronautical engineering, the introduction of CycloRotors has heralded a paradigm.......... READ MORE

Points of interest

Sailing the Skies in Style: Airbus’s Novel Vision for Air Travel

Navigating the dawn of a fresh chapter in aviation, Airbus recently shared its audacious plans.......... READ MORE

Drones News & Articles

Boosting Agriculture: A Drone Revolution Awaits in Budapest

The stage is set in Hungary, as it stands on the brink of an exciting.......... READ MORE

News & Articles Propulsion-Fuel

Embracing the Future with Rolls-Royce’s Revolutionary UltraFan Engine

Just when you thought the apex of innovation had been reached, Rolls-Royce challenges the notion.......... READ MORE

Air taxi News & Articles

Testing of perhaps the most promising air taxi begins

For some of us, the very idea of an air taxi evokes scenes straight out.......... READ MORE

Additional aircraft News & Articles

Navigating the Future: Autonomous Helicopters Soar High

Unmanned helicopters are no longer a concept in some futuristic Sci-Fi novel. They're here, revolutionizing.......... READ MORE

EVTOL & VTOL News & Articles

Embracing the Future: Seoul’s Leap into Urban Air Mobility

In an audacious move to revolutionize its transport system, Seoul - the bustling South Korean.......... READ MORE