London Daily

Focus on the big picture.
Sunday, Jun 01, 2025

Flying Car A Step Closer To Airborne Reality After Successful Test In Brazil

Flying Car A Step Closer To Airborne Reality After Successful Test In Brazil

Eve, controlled by aircraft manufacturer Embraer, said it expects to start commercial operations of its fully electric vehicle in 2026.
A flying car is one step closer to airborne reality following successful wind tunnel testing for the futuristic vehicle being developed by Brazilian electric plane maker Eve Holding Inc, the firm announced on Monday.

Eve, controlled by aircraft manufacturer Embraer, said it expects to start commercial operations of its fully electric vehicle in 2026.

The concept, called an electric vertical take-off and landing vehicle, or eVTOL, has been dubbed a flying taxi.

The completed wind tunnel tests are seen as key for certification by regulators, as well as future production and sales to buyers worldwide.

"The information we obtained during this phase of development has helped us further refine the technical solutions of our eVTOL, before committing to production tooling and conforming prototypes," said Luiz Valentini, Eve's top technology officer.

The company expects to conclude the selection of main equipment suppliers in the first half of this year and start building its first full-scale prototype in the second half. Additional testing is planned for 2024.

Eve holds a backlog of nearly 2,800 orders before starting production, with development backed by investors such as United Airlines and Rolls-Royce.

The wind tunnel tests were completed in Switzerland using an eVTOL scale model, which the company said helped it investigate how components such as its fuselage and wings will perform in flight.

Eve, which debuted last year on the New York Stock Exchange, has signaled that certification is one of its most pressing targets, Reuters reported in February.

Analysts see the firm on track to meet its lofty plans even if its not the first flying car to take off.

"The Eve eVTOL is unlikely to be first to market, although the order pipeline provides runway to capture market share of the emerging eVTOL market," according to Jefferies analysts.

Jefferies and JPMorgan last week increased their target prices for Eve, citing an industry-leading backlog and Embraer support.

Eve shares are up roughly 10% this year.
Comments

Brad 2 year ago
Never going to be used by the public but also more fake news

Newsletter

Related Articles

0:00
0:00
Close
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
U.S. Department of Energy Unveils 'Doudna' Supercomputer to Advance AI Research
U.S. SEC Dismisses Lawsuit Against Binance Amid Regulatory Shift
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
Italy Faces Population Decline Amid Youth Emigration
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Trump Accuses China of Violating Trade Agreement
Gerry Adams Wins Libel Case Against BBC
Russia Accuses Serbia of Supplying Arms to Ukraine
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
Chinese Woman Dies After Being Forced to Visit Bank Despite Critical Illness
President Trump Grants Full Pardons to Reality TV Stars Todd and Julie Chrisley
Texas Enacts App Store Accountability Act Mandating Age Verification
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Vatican Calls for Sustainable Tourism in 2025 Message
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Trump Threatens 25% Tariff on iPhones Amid Dispute with Apple CEO
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
Liverpool Car Ramming Incident Leaves Multiple Injured
Australia Faces Immigration Debate Following Labor Party Victory
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
Macron Dismisses Viral Video of Wife's Gesture as Playful Banter
Cleveland Clinic Study Questions Effectiveness of Recent Flu Vaccine
Netanyahu Accuses Starmer of Siding with Hamas
Junior Doctors Threaten Strike Over 4% Pay Offer
×