Ohio Offers $200 Million in Incentives to Joby Aviation for Unproven Flying Taxi Plans

Ohio taxpayers will help fund Joby Aviation's plans to build flying taxis in Dayton. The state is providing over $200 million in incentives.
Joby plans to build up to 500 flying taxis per year at a new facility at the Dayton International Airport starting in 2025.
The company claims the electric air taxis will carry 5 people and fly up to 200 mph with a 100 mile range.
Ohio officials tout Joby's project as creating over 2,000 new jobs, but the subsidies equate to over $100k per job.
Flying taxi/car startups have failed to deliver on similar promises in the past despite taking investor money. It's uncertain if Joby will succeed.

jalopnik.com

Relevant topic timeline:

8/17/2023

US startup Joby is building an electric aircraft it wants to use to fly people between airports and cities for the price of an Uber — take a look

Main topic: The growing electric air taxi market and Joby Aviation's role in it. Key points: 1. The electric air taxi market is expected to be a $57 billion industry by 2035. 2. Joby Aviation is one of the startups racing to build the first certified eVTOL, with investments from airlines like United and Delta. 3. Joby's five-seater S4 2.0 eVTOL has received approval for flight testing and is expected to enter service in 2025, offering a premium and efficient travel experience.

9/18/2023

Joby Aviation to Build Electric Air Taxis in Ohio, Connecting State's Aviation Heritage with Manufacturing Expertise

Joby Aviation Inc. will be manufacturing electric planes that take off and land vertically in Ohio, marking a significant step towards the mainstream adoption of electric vertical takeoff and landing (eVTOL) aircraft for aerial ridesharing networks starting in 2025.

9/18/2023

Ohio Invests $500 Million to Build Facility for Joby's Electric Flying Taxis, Targeting 2025 Launch

Ohio Governor Mike DeWine announced a $500 million investment in a production facility for flying taxis, bringing the futuristic concept closer to reality. Ohio-based Joby Aviation aims to offer ride-sharing services with their electric vertical takeoff and landing vehicles by 2025.

9/25/2023

Joby Aviation Delivers Electric Air Taxi to Edwards Air Force Base for Testing

Joby Aviation has delivered its first electric passenger aircraft to the Air Force, a significant step towards the future development of air taxis, with plans to sell thousands of such vehicles for commercial use.

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Posted 9/20/2023, 2:07:16 PM

Ohio Offers $200 Million in Incentives to Joby Aviation for Unproven Flying Taxi Plans

Ohio taxpayers will help fund Joby Aviation's plans to build flying taxis in Dayton. The state is providing over $200 million in incentives.
Joby plans to build up to 500 flying taxis per year at a new facility at the Dayton International Airport starting in 2025.
The company claims the electric air taxis will carry 5 people and fly up to 200 mph with a 100 mile range.
Ohio officials tout Joby's project as creating over 2,000 new jobs, but the subsidies equate to over $100k per job.
Flying taxi/car startups have failed to deliver on similar promises in the past despite taking investor money. It's uncertain if Joby will succeed.

jalopnik.com

Relevant topic timeline:

8/17/2023

US startup Joby is building an electric aircraft it wants to use to fly people between airports and cities for the price of an Uber — take a look

9/18/2023

Joby Aviation to Build Electric Air Taxis in Ohio, Connecting State's Aviation Heritage with Manufacturing Expertise

9/18/2023

Ohio Invests $500 Million to Build Facility for Joby's Electric Flying Taxis, Targeting 2025 Launch

9/25/2023

Joby Aviation Delivers Electric Air Taxi to Edwards Air Force Base for Testing