- Joby Aviation $JOBY trend in the market
- What Joby is looking to do in order to push the aviation industry further
Joby Aviation delivers groundbreaking technology that might otherwise never hit the public market if Joby wasnt around. Joby is an electric vertical takeoff and landing (eVTOL) manufacturer. Much hyped, JOBY stock is now trading under its own brand identity. By introducing and expanding the concept of electric air mobility, the company addresses a key contributor to carbon emissions.
According to the Environmental and Energy Study Institute, the use of jet fuel produces carbon dioxide at a fixed ratio of 3.16 kilograms of CO2 per 1 kilogram of fuel. When it is all said and done, Joby wants to be a large contributor in the way aircrafts will cut their Co2 emissions into our atmosphere. Better yet, the demand profile for JOBY stock couldn’t be more robust. Cities are getting more crowded, which not only causes increased traffic problems but also violence. According to Apolitical.co, “68% of people will live in cities by 2050.” Having that many people crowded into tight quarters could easily cause problems. Let’s also not forget that the competition is not going to let Joby have turbulence-free airtime. Boeing (NYSE:BA) and Lockheed Martin (NYSE:LMT), among several other companies have their eyes set on the potential eVTOL revolution.