Urban congestion burden: hours lost in traffic Work week = 40 hours Time lost to congestion is already massive: London drivers lose more than twice as many hours annually as the average US driver.
Similar plans are underway across the world: – Florida, US, is moving faster than most, with two test sites under construction and up to 24 vertiports planned.⁷ – China is looking to begin mass production of flying taxis, with commercial services starting in multiple cities within three years.⁸ – Globally, more than 1,500 vertiports are now on the drawing board — up sharply from about 1,000 just a year ago.⁹ These rapidly expanding plans for urban aerial commutes are transforming a once-niche idea into a valuable industry. Valued at just $1.4 billion in 2023, the eVTOL market is growing at a combined annual growth rate of more than 54 percent and is expected to reach $29 billion by 2030.¹⁰ The future of flying taxis seems bright. But as with any new developments in the aviation industry, there are significant headwinds.
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43
US average London
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