Companies like Boeing, Airbus, Toyota and Uber are recognizing the need for more efficient travel, and injecting millions into developing VTOLs, or Verticle Takeoff and Landing Vehicles. Though these vehicles don’t much resemble the flying cars of “Back to the Future” or “Blade Runner,” they have the potential to fundamentally change the way we commute in cities. Experts predict the market for urban air mobility to reach $1.5 trillion by 2040.
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