3 Flying Car Stocks That Can Triple Your Investment By 2025

Flying car stocks face a small correction in 2024, but don’t let that dissuade you, there are still options available to triple. eVTOLs remain on track for commercialization in 2025. Production will continue to ramp up and major players in the space will announce new certification wins. Therefore, it is reasonable to expect that the sector will experience a surge in demand as these targets approach. These catalysts will continue to interest investors in the near term.

Investors looking for clean numbers will be excited to know that the market is expected to grow by 55% in 2024. This growth is expected to slow slightly by 2028, with a compound annual growth rate of 48% during this period. . In short, there’s a lot for investors to like in the flying car market over the next few years. Let’s take a look at three flying car stocks that can triple your investment by 2025.

Archer Aviation (ACHR)

Archer Aviation (NYSE:ACHR) is one of the most prominent flying car stocks available to investors. Also, investors will be hesitant to consider considering it’s down 31% year-to-date. Also note that ACHR shares are up 96% over the past 12 months. Which means the overall trend continues to be very promising.

I mentioned in the introduction that production will continue to increase this year. Archer Aviation is one of the most famous companies in this regard. The company is expected to complete a large production facility in 2024. As a result, by 2025, the company should be producing 650 cars annually.

The company has landed a massive contract with the US military worth up to $142 million. There is clear and strong potential for Archer Aviation to establish itself in the defense sector through various use cases. The company also boasts a backlog of orders valued at $3.5 billion. Much of this value is derived from the private sector. All this suggests that Archer Aviation is a well-balanced company with a backlog of public and private interest. Therefore, growth should continue.

Forecasts indicate that its share price could rise to $12. Those same shares are currently trading for less than $4.

Joby Aviation (JOBY)

Joby Aviation (NYSE:WORK) is another leading name in the flying car category. The company has emerged as a major player in the sector. Its business operations are similar to those of Archer Aviation. The two companies will compete for domestic dominance in the space, but at this early stage there is plenty of room for huge growth from both companies.

The stock is forecast to double and perhaps triple over the next 12 to 18 months based on a best-case scenario.

One of the main reasons why investors should take a shine to Joby Aviation is the development of air taxi services. The company has signed a deal granting exclusive rights to provide air taxi services in Dubai starting sometime in 2026. The company is expected to launch commercial services in New York and Los Angeles in 2025.

The electric vertical take-off and landing (eVTOL) vehicles that Joby Aviation is developing will have particular applications in airports and other locations. The future of flying cars is almost here, as strange as it may sound at times.

EHang Holdings (EH)

EHang Holdings (NASDAQ:EX) is a decidedly different flying car stock than either of the two firms discussed above.

First of all, EHang Holdings is a Chinese company that currently supplies autonomous aerial vehicles (AAV). This puts it one step ahead of its US counterparts. The company sells these vehicles in verticals including tourism, emergency response and logistics for example.

The company is the first in the world to receive an airworthiness certificate. Of course, this also puts it well ahead of its US counterparts. The company is also beyond the pre-revenue milestone and has delivered 52 vehicles in 2023.

2024 started off even stronger, with the company delivering 23 units in the first quarter. EHang Holdings generated a $42.6 million net loss on $16.5 million in sales in 2023. Investors should expect the company to continue to generate losses overall, but should also be optimistic given how far ahead it is in basis of supplies. This is an excellent reason for investors to consider investing in EH stock at this time.

As of the date of publication, Alex Sirois did not hold (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publishing Guidelines.