Trump’s Executive Order to Make Flying Cars a Reality

Market Overview & Potential - Morgan Stanley estimates the EVTOL (electric, vertical takeoff and landing vehicles) industry could be a $9 trillion market by 2050 [2] - The flying car market is a significant new market that hasn't really existed before and is expected to change dramatically over the next 5-20 years [2] - There are approximately 50 companies developing flying car technologies [2] Joby Aviation - Joby focuses on air taxi services and has a market capitalization of nearly 670 million (6.7%) of a billion dollars, which is almost 15% of the market cap of General Motors [3] - Joby expects to see their first passenger operations in early 2026 in Dubai [10] - S&P Global expects Joby to go from 6 to 56 units by 2030, generating $35 million (3.5%) of a billion dollars in revenue, contingent on FAA certification [6] Pivotal - Pivotal focuses on personal aviation, public safety, and defense applications [20] - Pivotal aims to deliver personal aerial vehicles to individual private owners [12] - Pivotal hopes to be in pilot operations in at least two locations in the United States within the next six months, focusing on public service such as emergency medical response [15] - Pivotal claims its aircraft is three or four orders of magnitude safer than driving a car on the freeway on a per mile basis [16] Regulatory & Technological Challenges - FAA certification is a critical milestone for the industry [5][6] - Battery technology limitations, particularly energy and power density, have historically hindered the development of flying cars [23][24] - Regulatory pathways are very difficult, requiring the creation of regulations in real time as technologies are developed [22]