A man poses alongside screens presenting the Rolls-Royce EVTOL air taxi concept during the Farnborough Airshow, south west of London, on July 16, 2018. / AFP / Tolga AKMEN
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British engine-maker Rolls-Royce revealed plans this week to develop a hybrid electric vehicle, dubbed the "flying taxi," which takes off and lands vertically and could be airborne within five years. The London-listed aerospace giant, which is based in Derby in central England, showed off the plans at the Farnborough Airshow for the first time, as other players also rush into the market segment.Rolls-Royce said it hoped to make a prototype version of its electric vertical takeoff and landing vehicle within the next 18 months, and could potentially take to the skies in the early 2020s.Rolls-Royce is also researching an all-electric product but that is not as advanced as the EVTOL offering.The aerospace sector's push into electric propulsion has drawn comparisons with the automotive industry, where electric cars are increasing in popularity and performance.
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