Air Taxis Are Taking Flight — Along With These Stocks

If you haven’t yet heard about air taxis taking the skies then it won’t be long before you do.

Because the FAA just approved eight pilot programs that will allow a handful of companies — including this one — to start widespread testing as early as this summer.

To be clear, what we’re talking about here are electric vertical takeoff and landing (eVTOL) aircraft.

Their deployment has been a key focus of the Trump administration — and for good reason.

EVTOLs are efficient, quiet, versatile, and, increasingly, autonomous.

They’re not a substitute for airplanes, but they’re poised to become a crucial bridge in mid-range travel.

For example, last year, one eVTOL company has already signed a deal to start shuttling passengers from JFK airport to New York City.

JFK airport is about 17.5 miles from downtown New York. The drive takes 45 minutes on a good day. And an Uber from the airport to Manhattan costs $50–$80, while making the same journey in an UberXL costs $75–$100.

But by ordering an eVTOL ride on the Uber app a traveler could pay a comparable amount for the same trip — and it would only take seven minutes, rather than 45, avoiding roads altogether.

Similar plans are in place to connect cities across California, throughout the United Kingdom, and around Dubai.

Understanding the transformative effect this will have on travel, the Trump administration has gotten fully behind eVTOL startups.

Last year, President Trump signed an executive order directing the FAA to expand domestic drone operations.

Among other things, the EO:

• Cleared routine over-the-horizon drone operations for commercial and public safety missions.

• Pushed to accelerate the development, testing, and scaling of American drone technologies, including eVTOLs.

• Established a pilot program to hasten the adoption of eVTOL technology, in particular.

• Directed the FAA to adopt AI tools to streamline its review processes and update its plan for unmanned system integration.

• Promoted domestic production of UAS.

• Encouraged the export of American drone technology.

• And expanded the role of drones in the military.

This executive order is what the FAA followed through with last week.

The three-year program, which will span 26 states, is designed to ensure U.S. companies lead the way in next-gen aircraft used for personal travel, regional transportation, cargo logistics, and emergency medicine.

The Department of Transportation envisions a system of “highways in the sky with dedicated travel lanes and strategically placed aerial on-ramps and off-ramps located at key destinations.”

Similar to California, Florida is set to become another major eVTOL hub, with a network connecting major airports, Hard Rock Stadium and other locations. Flights on the futuristic-looking craft could cut a 90-minute down to 20 minutes.

“Thanks to President Trump, the future of aviation is here — and it’s going to dramatically improve how people and products move,” said U.S. Transportation Secretary Sean P. Duffy. “Congratulations to the great American innovators behind each of these exciting pilot programs.”

Of course, it’s not just travelers that stand to benefit from eVTOL adoption — investors will too.

If they get ahead of the curve.

And the good news there is that there’s still time to do that.

With the market tumbling due to the war with Iran and soaring oil prices, eVTOL stocks are at their lowest levels in months.

Yet the aircraft — which are fully electric — are getting closer and closer to taking off.

So if you want to know the best eVTOL stock I’d recommend getting my full report right here.