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

Verified

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

Key Takeaways:

The eVTOL industry is increasingly partnering with automotive companies to leverage their capital, expertise, and manufacturing prowess for scaling production and achieving certification.
Automotive manufacturers are drawn to these collaborations by the potential for electrifying all forms of transport, applying their experience in EV technology, and their ability to mass-produce complex vehicles efficiently.
Key synergies include shared advancements in battery technology, a common talent pool of engineers, the benefit of established automotive brands for passenger acceptance, and a collective vision for creating integrated ground and air transportation ecosystems.

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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.