Eviation, a leader in electric aviation, has announced layoffs amidst challenges like high research and development costs and regulatory hurdles, raising concerns about its future.
The layoffs may hinder innovation in the electric aviation sector, potentially slowing the progress of the company’s eco-friendly aircraft, Alice.
Predictions for the electric aviation market suggest it could exceed $22 billion by 2030, driven by demand for sustainable travel, advancements in battery technology, and increasing environmental regulations.
Experts advocate for stronger collaboration between public and private sectors to secure consistent funding and regulatory support, essential for the growth and success of electric aviation innovations.
Andre Stein CEO of Aviation shared “We are proud of what we have accomplished in advancing electric flight, This decision was not made lightly. However, we believe this is a necessary step to focus on identifying the right opportunities.
