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Weren't there supposed to be flying taxis by now?

From American Public Media, this is Marketplace Tech.

I'm Novosafo.

The promise has been titillating quiet electric taxis, taking off vertically, floating over urban traffic.

Consulting firm McKinsey says, in a matter of five years, flying taxi fleets could rival airlines

in size. Well, maybe it's already taking longer than predicted, and Marketplace's Henry Ep

has been tracking the industry and its evolution.

Startups started working on building these aircraft. And the idea was that they would be really

quiet, that they would be all electric, that they could sort of work in an urban environment.

And these companies have raised billions of dollars in some cases. And they've developed

real aircraft. I should say, I live in

Burlington, Vermont. There's one of these companies called Beta Technologies that is located just a few

miles from me. And I see their planes doing test flights overhead from time to time. So they have

...