Puget Sound Business Journal reports that the electric aerospace industry is growing, as local companies such as Magnix and Zunum Aero are “fighting to raise money and counter critics of emerging electric aviation technology, which could revolutionize short-haul aviation and revive regional air travel.” Experts estimate that there are roughly 100 worldwide companies developing electrically propelled aircraft and though many of the projects are in very early stages, “airline executives are lining up to buy them, lured by the promise of lower operating costs, bigger profits and much lower to zero emissions.”
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