CleanTechnica•about 1 month ago
Why Insurance Breaks The Uber-In-The-Air Fantasy
- •The commercial viability of electric Vertical Take-Off and Landing (eVTOL) aircraft is severely challenged by the high cost and difficulty of obtaining insurance, even after regulatory approval.
- •Prohibitive insurance premiums will significantly increase operational costs for eVTOL services, potentially making them economically unfeasible or too expensive for widespread adoption, thus limiting the growth of a new electric transportation market.
- •The article highlights a critical gap where regulatory sign-off on new technologies does not automatically translate to insurable risk, indicating a need for new policy frameworks or risk assessment models to enable novel electric aviation.
policy