Joby Aviation (JOBY) is slowly but surely moving closer to becoming a commercial success as they have entered the final testing phase of approval for their all-electric vertical take-off and landing (eVTOL) aircraft from the FAA. Reaching this point is one of the most essential milestones before mass production, and it shows that finally, Joby's plans for air taxis might soon become a reality.
Timing-wise, this is a critical point for the broader electric vehicle sector, as governments around the world call for a decarbonized transport system and future mobility solutions. With its FAA Type Inspection Authorization (TIA) testing underway and its manufacturing program on track in the U.S. and Japan, Joby is poised now as one of the first competitors likely to attain full certification, the spark that could help kickstart its stock price and this still nascent market sector as well.
