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By Bjorn Fehrm
February 9, 2026, © Leeham News: The eVTOL market saw a sobering 2025 after two of its high flyers, Lilium and Volocopter, both ceased operations in 2024. Further operations ceased in 2025, with Hyundai’s Supernal halting further development, as did Airbus with its CityAirbus. Textron halted Nexus development, then shuttered the division, and Overair ceased operations after Hanwa stopped investing.
We have one VTOL that received local Chinese Type Certification in 2023, Production Certificate in 2024, and Air Operator Certificate (AOC) in 2025. The drone multicopter looking Ehang EH216-S (Figure 1) was cleared to operate tourist flights in China. No other eVTOL project is close to certification, not even for 2026. The major players plan for certification in 2027 or later.
Figure 1. The only certified eVTOL, the EHang EH216-S. Source: EHang.
The almost euphoric enthusiasm over eVTOLs that existed before COVID, where car manufacturers got involved as this could be the thing that took over personal transport for crowded cities, has now calmed down, as the operational use of the current generation of eVTOLs is 10 to 15-minute missions in fair weather, replacing helicopter services from the airport to the city centre.
The original story was different as early developers like Joby Aviation painted with a broad brush. There were statements about 150nm trips, 200 kts speeds, and unbeatable economics, with batteries that lasted 10,000 flights. What investors and pundits didn’t understand was that these were unrelated statements about physical limits: there was no AND between them.
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