Flying cars may be operational in 2025

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Hyundai Motor and General Motors announced Monday that they are pressing ahead with the development of flying cars.Hyundai has expressed optimism that it may have a “flying taxi” service in operation, possibly by 2025, according to Reuters.

In turn, a General Motors executive said that it may take until 2030 for flying taxi services to overcome technical and regulatory hurdles and reach commercial operation.According to Reuters, flying taxis take off and land like helicopters, carrying passengers and goods.

Other automakers are developing flying cars either on their own or in partnerships, including Toyota Motor, Daimler and China’s Geely.

Morgan Stanley estimated that the total size of the urban flying taxi market could reach $1 trillion by 2040 and $9 trillion by 2050.





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