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Electric Aircraft Market size is expected to reach USD 226.6 Million in 2030 and register a revenue CAGR of 8.2%
Zero-emission aircraft market to reach $191.97 billion, at 20.7% CAGR by 2040; Solar source to rise at 29.3% CAGR; Cargo aircraft to rake at 25.6% CAGR.
Ampaire and RED Aircraft are developing the Eco Caravan, a hybrid-electric iteration of the Cessna Grand Caravan.
Piper Aircraft and CAE are partnering to develop an electric conversion kit via supplemental type certificate for the single-engine Piper PA-28-181 Archer, and to train new pilots to fly electric aircraft.
Changes in the funding environment for advanced air mobility startups come at a time when the companies are entering the most expensive phase of their existence.