An estimated 200 companies around the world are working on building electric aircraft or some significant subsystem like hydrogen-driven power trains. Analysts at UBS have estimated that a full 25% of the civil aviation industry will be hybrid or fully electric by 2035.
This is important because airplane emissions are expected to triple by 2050 if airlines don’t figure out a way to eliminate fossil fuel-powered jets. That is even worse than the exact opposite of a U.N. goal for net-zero aircraft industry emissions by 2050.
Analysts Bill Peterson and Mahima Kakani of J.P. Morgan Securities have just initiated coverage of three electric vertical take-off and landing (eVTOL) companies that plan to offer their own services and sell their aircraft to existing commercial operators.
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