What is an eVTOL? How flying cars are moving closer to reality

Alef Aeronautics wants to start delivering its $300,000 Model A flying car to customers by 2025. Source: Alef Aeronautics What if flying around in an electric vehicle is a key part of the way you travel in the future? That’s what dozens of companies around the world are betting on. 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….