Embraer to Produce First Full-Size Prototype of Electric 'Flying Car' in Brazil in 2024

Embraer to produce first full-size eVTOL 'flying car' prototype in Brazil by 2024, aiming for 15% of $31B urban air mobility market by 2030 with quieter, cleaner technology.

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Hadeel Hashem
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Embraer to Produce First Full-Size Prototype of Electric 'Flying Car' in Brazil in 2024

Embraer to Produce First Full-Size Prototype of Electric 'Flying Car' in Brazil in 2024

Embraer, the Brazilian aerospace company, is set to produce the first full-size prototype of an electric vertical takeoff and landing (eVTOL) 'flying car' in Brazil by the end of 2024. The vehicle is being developed by Eve Holding, a subsidiary of Embraer based in Melbourne, Florida.

Eve Holding plans to have the prototype ready for its first flight tests in Gavião Peixoto, Brazil later this year. The company aims to obtain the first regulatory approval from Brazil's civil aviation regulator Anac by the end of 2024, and also plans to secure certifications from the U.S. Federal Aviation Administration and the European Union.

The eVTOL aircraft is designed for urban air mobility solutions and will be fully electric. Eve forecasts revenue of $4.5 billion by 2030 and expects to have its first autonomous vehicles flying by that time, capturing at least 15% of the projected $31 billion urban air mobility market.

Why this matters: The development of eVTOL 'flying cars' by Embraer and other companies could transform urban air transport with cleaner, quieter innovative technology. These vehicles have the potential to improve air traffic management in congested cities and reduce the carbon footprint of the air transport sector.

Embraer has already secured letters of intent for nearly 3,000 eVTOLs, including a recent deal with Japan's AirX for up to 50 vehicles. AirX Inc., a charter operator in Japan, will initially purchase 10 eVTOLs with an option for an additional 30. Embraer will also provide maintenance and technical support services for the aircraft.

The eVTOL being developed by Eve Air Mobility is expected to launch a fully electric and ecological version on the market in 2026 with significantly reduced noise levels compared to traditional aircraft. "The adoption of these vehicles could transform urban air transport with cleaner and quieter technologies," stated an Embraer spokesperson.

Key Takeaways

  • Embraer to produce first full-size eVTOL 'flying car' prototype in Brazil by 2024.
  • Eve Holding plans to obtain regulatory approval from Anac, FAA, and EU by end of 2024.
  • Eve forecasts $4.5B revenue by 2030 and aims for 15% of $31B urban air mobility market.
  • Embraer secures letters of intent for nearly 3,000 eVTOLs, including a deal with Japan's AirX.
  • Eve's eVTOL expected to launch fully electric and ecological version in 2026 with reduced noise.