The Jetsons may have come out in the 1960s, but in 2024, we are finally close to quickly traveling by air via electric vertical takeoff and landing (eVTOL) aircraft. A recent market report from the Global Advanced/Urban Air Mobility Market Map team of AAM analysts has shared that companies around the world are gearing up for this transition into small sustainable mobility, laying plans to erect over 1,000 vertiports to support growing eVTOL networks that are inching closer to commercial operations.
While we’re still likely a couple of years from bonafide eVTOL air travel, the nascent clean mobility segment is growing and doing so quickly. eVTOLs, in general, have become a growing topic of interest across the EV industry. If you frequent Electrek, you’ve probably noticed that the coverage of the technology has increased tenfold in the past few years.
Every week, we are informed of a new aerial startup developing all-electric mobility technology. We have also covered several “veterans” in the young industry, reaching scaled production, completing manned test flights, and establishing partnerships all over the globe to implement the necessary eVTOL vertiports and charging infrastructure to enable full-fledged commercial flights.
Some of those companies include Archer Aviation, Lilium, and Joby Aviation, to name a few. The eVTOL industry is beginning to snowball, and a team of industry experts and consultants based around the world has compiled a new market map that supports that argument.
According to the report outlined below, a forecast of the global market map confirms at least 1,044 eVTOL vertiports in development that could be operational by 2028.
Source: Global Advanced/Urban Air Mobility Market Map team of AAM analysts
Report: eVTOL vertiports will continue to pop up worldwide
The full report, viewable here, was recently posted by the Global Advanced/Urban Air Mobility Market Map under Unmanned Publications Limited. The report includes both bottom-up site identification and top-down AAM development plans, including government publication of AAM regulations and certification standards, to provide accurate insight into the near-term global vertical port market.
According to the report, 1,044 vertiports are currently being planned for development between 2024 and 2028 worldwide. Still, several eVTOL operators remain implicit in their network launch plans and will significantly affect such aerial hubs coming to fruition. The report’s author, Philip Butterworth-Hayes, elaborated:
However, it is likely that eVTOL programme failures and regulatory delays will trim this total figure to a more likely total of 623. This is still a huge figure, given that this year it is likely that just 24 vertiports will be completed globally.
According to the forecast, only 366 of the 1,044 planned eVTOL vertiports have been contracted to named suppliers, costing an estimated $1.09 billion to build and equip them with the necessary AAM-focused technology, including chargers.
We recommend checking out the full eVTOL vertiport report as it offers an exciting insight into a young but fast-moving new air mobility segment, including a global market directory of each program that identifies each of the respective partners involved in each project.
The report also features a comprehensive country-by-country guide to AAM regulatory and market development approaches taken by national and regional governments, along with each region’s plans to advance eVTOL-based services.
We’ve seen regions like the United Arab Emirates, China, and Korea put funding and research into commercial eVTOL operations, such as air taxi networks. Still, the US has several startups looking to establish their services in North America in congested coastal cities like Los Angeles and Miami.
What do you think? Will we be able to take an eVTOL air taxi ride to the airport or the other side of town by 2028? Or will it take more time to get this nascent industry regulated to the point that people feel safe enough to test it out?
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The sun has set on a frantic day of scrutineering at this year’s Electrek Formula Sun Grand Prix (FSGP), as teams scramble to qualify for a spot on the starting line tomorrow morning. Electrek FSGP 2025 is shaping up to be one of the event’s most attended ever, thanks to a strong showing of first-time and returning schools. But that also means new and unproven vehicles on the track.
Today, I walked through a couple of bays and talked with a few of the teams able to spare a minute; almost all of them were debuting completely new cars that were years in the making. Building a solar car is no easy feat. It’s not just the engineering and technical know-how that’s often a hurdle for them; it’s more often monetary. However, one of the things that makes this event so special is the camaraderie and collaboration that happen behind the scenes.
Northwestern University is back with a completely new car this season, its eighth since the team’s original inception in 1997 during the GM Sunrayce days. Its motor controller, which is responsible for managing the flow of power from the batteries to the motor, was given to them by the Stanford team. Stanford had extras and could spare one for Northwestern, which needed a replacement. It doesn’t stop there. Two members of the Northwestern team (Shannon and Fiona) told me four other teams helped them with a serious tire replacement around 1 a.m. Wednesday morning, saving them from missing important parts of scrutineering.
This is also an exciting year for the West Virginia team, which is celebrating its 35th anniversary as a solar car team, making them one of the oldest teams on the track. With age comes wisdom though: WV is competing again this year with its single-occupant vehicle, Sunseeker. The team ran into issues after last year’s American Solar Challenge (ASC) cross-country event when the vehicle’s control arm, an important part of the suspension that connects the wheels to the chassis, broke. They tell me this year they’re back with a completely redesigned control arm made of both aluminum and steel. Thank you, Hayley, John, and Izzy, for taking the time to talk.
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We’re also seeing new builds this year from the University of Florida, the University of Puerto Rico, NC State, and UC Irvine. Believe it or not, the latter team has never competed in an American Solar Challenge/Formula Sun Grand Prix. This is their first year. UC Irvine doesn’t expect to be on the starting line tomorrow but hopes to be on the track soon after.
University of Puerto RicoUniversity of California Irvine
On the other hand, we have tried-and-proven cars like my personal favorite, Polytechnique Montréal’s Esteban, which undergoes minor improvements each year. I talked a little bit with this team today, and they told me the car’s motor was dropped, disassembled, and cleaned in preparation for the event. Polytechnique Montréal has passed scrutineering and will appear on the starting line tomorrow.
Polytechnique Montréal
Teams that haven’t wrapped up scrutineering in the last three days can still complete it, though doing so will eat into time on track.
You can learn more about the different classes and the specific rules here.
I’ll continue to post more updates as the event continues!
2025 Electrek FSGP schedule
The 2025 Electrek FSGP will again be held at the National Corvette Museum Motorsports Park in Bowling Green, Kentucky, which, interestingly enough, General Motors occasionally uses for Corvette testing and development. A bit of a full-circle moment being so close to the company that started it all.
The event is open to the public and FREE to attend. Come see the solar car race up close!
Racing starts on July 3 from 10am to 6pm CT and continues through July 5 from 9am to 5pm CT.
Featured image via Cora Kennedy for Electrek FSGP/ASC.
Note: The Formula Sun Grand Prix is not in any way associated or affiliated with the Formula 1 companies, FORMULA 1 racing, or the FIA Formula One World Championship.
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Tesla’s Q2 results are in, and they are way, way down from Q2 of 2024. At the same time, Nissan seems to be in serious trouble and the first-ever all-electric Dodge muscle car is getting recalled because its dumb engine noises are the wrong kind of dumb engine noises. All this and more on today’s deeply troubled episode of Quick Charge!
We’ve also got an awesome article from Micah Toll about a hitherto unexplored genre of electric lawn equipment, a $440 million mining equipment deal, and a list of incompetent, corrupt, and stupid politicians who voted away their constituents’ futures to line their pockets.
New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.
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Got news? Let us know! Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.
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“These ‘OpenAI tokens’ are not OpenAI equity,” OpenAI wrote on X. “We did not partner with Robinhood, were not involved in this, and do not endorse it.”
The company said that “any transfer of OpenAI equity requires our approval — we did not approve any transfer,” and warned users to “please be careful.”
Robinhood announced the launch Monday from Cannes, France, as part of a broader product showcase focused on tokenized equities, staking, and a new blockchain infrastructure play. The company’s stock surged above $100 to hit a new all-time high following the news.
“These tokens give retail investors indirect exposure to private markets, opening up access, and are enabled by Robinhood’s ownership stake in a special purpose vehicle,” a Robinhood spokesperson said in response to the OpenAI post.
Read more CNBC tech news
Robinhood offered 5 euros worth of OpenAI and SpaceX tokens to eligible EU users who signed up to trade stock tokens by July 7. The assets are issued under the EU’s looser investor restrictions via Robinhood’s crypto platform.
“This is about expanding access,” said Johann Kerbrat, Robinhood’s SVP and GM of crypto. “The goal with tokenization is to let anyone participate in this economy.”
The episode highlights the dynamic between crypto platforms seeking to democratize access to financial products and the companies whose names and equity are being represented on-chain
U.S. users cannot access these tokens due to regulatory restrictions.