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While electric air taxis have been a lofty goal in the transportation space, the industry appears to be taking a step forward in making this concept a reality. Joby Aviation (JOBY) recently reached a milestone, as the company was chosen to be part of a U.S. Department of Transportation initiative to advance the commercialization of advanced air mobility solutions.
This initiative, which allows companies to test electric vertical takeoff and landing (eVTOL) aircraft in a real-world setting before receiving certification from the Federal Aviation Administration (FAA), will be a crucial step toward bringing the technology into the mainstream. Here's what investors should know.
