The South Korean automaker, Hyundai, is ready to pursue the lofty dream of self-driving cars. The car automaker announced that it would show off its Personal Air Vehicle in the near future. Batch production is scheduled to begin in 2028.
The company has been working on the development and creation of flying cars for a long time and has achieved some success. "Having worked on cutting-edge aviation research and development at NASA for 30 years, I am very excited and humbled by the opportunity to now shape urban air mobility strategy at Hyundai Motor Group," Dr. Shin said in Hyundai's announcement. At first, Hyundai will showcase those models that will carry up to six people over relatively short distances within metropolitan areas. Furthermore, the car manufacturer plans to establish the production of bigger versions designed for a larger number of passengers and longer routes between cities. "People who are always stuck in traffic on the road will realize how convenient it is to move via aerial vehicles. That is when we will see demand explode," Jaiwon Shin, the head of its urban air mobility unit, said. The company is currently trying to find a way to reduce the final cost of the car.
Uber and Hyundai unveiled the flying car concept in January 2020. After having been launched, these models will be controlled by pilots. However, by 2035 they will be able to switch to fully automatic operation. Developers from South Korea are not alone who are trying to build a flying car. This summer, British car makers from Vertical Aerospace revealed plans to create an air taxi E-Taxi, which could make a 76-kilometer trip in just 30 minutes.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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