In this articleJOBYACHR your favorite stocksCREATE FREE ACCOUNTCourtesy: Archer AviationThe Federal Aviation Administration said Friday it's launching a pilot gram to speed up the rollout of air taxis.Archer Aviation and Joby Aviation, major players in the electric vertical takeoff and landing, or eVTOL, space, said they are participating in the gram.
s of each were higher on Friday.The gram will establish at least five jects through public-private partnerships with state and local governments to mote safe usage of electric vertical takeoff and landing aircraft."The next great nological revolution in aviation is here," said U.S.
Transportation Secretary Sean Duffy in a release.
"The United States will lead the way, and doing so will cement America's as a global leader in transportation innovation."Archer said supervised trials could begin in the U.S.
as soon as next year, ahead of FAA certification.
Joby is set to begin FAA flight testing early next year.Read more CNBC newsAlphabet's Verily covered up HIPAA violations, whistleblower says in lawsuitKlarna stock jumps 15% in NYSE debut after pricing IPO above rangeLarry Ellison is $100 billion richer after blowout Oracle earnings reportAmazon's Zoox jumps into U.S.
robotaxi race with Las Vegas launchThe announcement s President Donald Trump's executive order in June that included the creation of an eVTOL pilot gram to foster safe development and deployment in the U.S.ponents of eVTOL's have touted the nology as a method to slash emissions and ease traffic.
Archer, Joby and their competitors have been steadily working toward FAA apval.Joby called the gram a "critical step" in the path toward widespread air taxi service in the U.S.
Archer CEO Adam Goldstein dubbed the announcement a "landmark moment" that allows the company to work with partners such as United Airlines to trial aircraft."These early flights will help cement American leadership in advanced aviation and set the stage for scaled commercial operations in the U.S.
and beyond," he wrote.Both companies have made strides testing their ducts through partnerships in the Middle East.watch now5:5905:59eVTOLS: Are flying cars finally becoming reality?The Edge