Why is the Auto Industry So Interested in eVTOLs?

A new partnership between Eve Air Mobility and Porsche is just the latest example of the strengthening alliance between eVTOL and the auto industry.

Thom Patterson

Friday, June 03, 2022 at 03:30 PM ET

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Honda unveiled its eVTOL and electric transportation ecosystem concept last year. [Courtesy: Honda]

Key Takeaways:

The eVTOL industry is increasingly partnering with automotive manufacturers, such as Eve Air Mobility and Porsche, to secure crucial capital, expertise, and manufacturing capabilities.
Automotive companies are drawn to eVTOLs due to shared interests in electrification, their extensive experience in scaling complex vehicle production, and valuable overlaps in EV technology and specialized talent.
These collaborations also aim to leverage established automotive brands to enhance passenger acceptance and integrate eVTOLs into a broader, unified transportation ecosystem.

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Embraer’s Eve Air Mobility (NYSE: EVE) and Porsche (OTC US: POAHY) announced this week they’re collaborating on global manufacturing and other macro strategies for Eve’s electric vertical takeoff and landing (eVTOL) aircraft. The partnership is just the latest example of the strengthening alliance between eVTOL and the auto industry.

It’s a critical time in this emerging sector, when capital funding and expertise can make the difference between success or failure. Several leading air taxi developers aim to achieve certification for their new aircraft within the next few years, and they’re now looking to strengthen their plans for eventual manufacturing programs. Air taxi developers are partnering with automotive companies across multiple roles, including suppliers, investors, and consultants.