Hong Kong’s taxi services may raise the price by HK$6 in the next two years, citing rising fuel costs and shrinking business under the outbreak.

The minimum fare in city taxis in Hong Kong is currently HK$27, with green New Territories taxis costing HK$23.50 and blue Lantau taxis costing HK$22.

“It is a consensus reached by the industry to raise prices,” Ng Kwan-sing, chairman of the Taxi Dealers and Owners Association Ltd, said in a radio broadcast on Thursday.

“We are considering filing an application with the transport authority to increase the fares by HK$6,” he said, “taking into account the operating costs due to wars and inflation. , as well as a sharp drop in tourist numbers due to the outbreak.”

In addition, Ng explained, the anti-epidemic fund, a subsidy the government issued in May this year to provide taxis with HK$2 per liter of liquefied petroleum gas, will expire this month.

He added that the industry had called for a tariff increase five years ago, with an increase of HK$3 from the original prices, but the increase was only approved and put into effect in July. .

“We hope approval can be issued earlier this time,” said Chow Kwok-keung, chairman of the Hong Kong Taxi and Public Light Bus Association, noting that the industry will submit an application tomorrow to the Ministry of Transport, in which the trek is suggested to be delivered in one year or in two phases for two years.

Two Golden Arrow buses and a MyCiti bus were torched in Khayelitsha this morning. A third Golden Arrow bus was hijacked in a violent protest action amid a Santaco taxi strike this morning.

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Read also : Taxi strike: Business as usual in CBD-Buses burn in Khayelitsha

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Images of passengers struggling to get out of a burning bus are also circulating on social media.

Eluxolweni Primary School is also believed to have been burnt down. Shootings were also reported in Khayelitsha and Nyanga.

According to Mayco member for safety and security, JP Smith, a Golden Arrow bus was hijacked, but members of the secret law enforcement unit were able to intercept the identified bus and arrest the hijacker. air.

“Additional LEAP officers have been deployed to buses operating on the transit lanes, with enforcement personnel monitoring transit interchanges,” he posted on Facebook. “The Ghost Squad, Taxi Ghost Squad, and Undercover Law Enforcement Unit patrol the routes and monitor the running buses.”

Smith added that if every citizen had the right to protest, it was the request of the taxi industry itself to launch the strike because of the enforcement actions taken against them, as well as the end of the Blue program. Provincial government dowry.

“The choice to undermine this constitutional freedom to protest by resorting to destruction, arson and attacks on competitors as well as the threat to the safety of commuters renders these acts criminal and must be condemned on all fronts,” he added.

“Our previous warnings will now translate into definitive action and increased enforcement will begin in the Khayelitsha region in response to the violent protest action experienced earlier.”

Although a little quieter than usual, the Golden Arrow and MyCiti bus terminals were mostly open at 9 a.m. today. Minibus taxis, on the other hand, were absent subscribers.

Read also :

Taxi protest looms as SANTACO calls for transformation

Image: Twitter

Video: Provided

The motorcycle sector is now the largest vehicle segment in Kenya. The number of motorcycles registered in 2021 was more than 1.5 times the number of motorcycles registered in 2018! That’s impressive growth over the past 6 years. Motorcycle-taxi drivers, the largest segment of motorcycle users in the country, are constantly faced with soaring operations and maintenance costs for internal combustion engine motorcycles, leaving them with very little in the way. terms of income and savings.

Electric motorcycles present an opportunity to reduce these costs and therefore increase revenues and savings for players in the motorcycle industry. The motorcycle industry in Kenya is ripe for electrification.

The motorcycle sector is now attracting a lot of attention from startups and investors in the tech, automotive and fintech sectors. There are now over 15 startups interested in energy as a service (battery swap companies) as well as motorcycle assembly in Kenya. One of the leaders is STIMA. STIMA is a battery-swapping technology company that aims at the large-scale deployment of practical battery-swapping infrastructure for electric motorcycles. STIMA estimates that there are around 20 million two-wheelers on African roads today. STIMA and India’s leading manufacturer of electric motorcycles OneElectric recently announced their partnership to deploy 3,000 rechargeable electric motorcycles in Kenya in a first phase. Subsequently, the joint venture will expand to other African countries.

STIMA has now signed a new partnership with Kenyan vehicle financier Mogo, part of the Eleving Group, and ride-sharing company Bolt, to increase the wide spread of electric motorcycles in Kenya. STIMA will bring motorcycles and battery swapping infrastructure to the partnership while Mogo, which already has more than 50,000 active lease-to-own agreements with motorcyclists, will support lease-to-own plans for riders adopting electric powered motorcycles. by STIMA. Bolt will promote electric motorcycles to the fleet of 4,000 riders currently using the Bolt food delivery app, in a bid to switch its food delivery fleet to electric. The partnership aims to provide the Kenyan market with a complete transportation solution through lease-purchase asset financing, battery swap technology and mass transit.

Here are some quotes from the directors speaking about this new partnership:

Jason Gras, co-founder and CEO of STIMA, said, “The partnership with Mogo and Bolt contributes to STIMA’s ambitious goal: to spread the adoption of electric mobility in Kenya and East Africa. Leveraging STIMA’s battery-swap technology, Mogo’s Tier 1 asset financing, and Bolt’s heritage in transportation, this partnership will put more electric motorcycles on the road.

Modestas Sudnius, CEO of Eleving Group, adds: “The future of mobility will be electric. The first steps in educating people about climate-friendly and sustainable decisions must be taken today, and this is part of the Group’s medium and long-term strategy. We want to be present in Kenya with innovative products and productive loans. For us, this project contributes to fulfilling our strategic objectives in the area of ​​ESG, where we are committed to increasing the number of emission-free vehicles in our portfolio and reducing the resulting carbon footprint. For our customers, this project will save money on fuel and maintenance costs. For society in the long term, this will improve the ecological aspects of cities, such as air quality and reduced noise levels.

“Bolt Food is thrilled to partner with STIMA on this initiative as it reinforces our commitment to helping couriers earn more while encouraging sustainable modes of transportation. Thanks to STIMA, couriers will buy electric motorcycles, which will allow them to save costs because they are less expensive in terms of consumption and maintenance. Through Mogo, they will have access to financing, which alleviates the challenge posed by the initial cost of acquiring e-bikes. Electric motorcycles will be added to our existing greener transport options on our platform, including electric tuk-tuks and electric bicycles. Bolt Food is committed to providing viable economic opportunities to all of its courier partners and enhancing customer experience through affordable, reliable and sustainable services,” said Edgar K Kitur, Country Manager, Bolt Food.

Kenya has a great opportunity to lead the electric motorcycle industry on the continent. Kenya’s grid is mostly powered by renewables such as geothermal, wind, hydro, and some large-scale solar. These electric motorcycles will be recharged with very clean electricity.

Image by STIMA

 

 

 

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Protesting transport operators display printouts of their circulating traffic tickets which they claim have already been paid for.

Bus and taxi operators are to stay off the roads for a second straight day on Tuesday, following a government statement that fell short of industry calls for a ticket amnesty.

Speaking to OBSERVER ONLINE, the leader of the Transport Operators Development Sustainable Services (TODDS) lobby group, Egeton Newman, said his members were extremely unhappy with the government’s response.

LILY: ‘We won’t back down’: Government tells striking transport operators to pay their fines

According to Newman, the release from the government is indicative of a posture towards the sector that is strict, inflexible and, in some cases, adversarial.

“We believe that if the government tries to impose a hard end on us, we can also impose a hard end on the government,” Newman said.

“We think the government is trying to show off its powers, as if the taxi and transport industry has no power,” Newman added.

In its statement, the government rebuked the protesters’ action, saying their efforts showed “complete disregard for the law”, and said it would not relent in its quest to create a better transport system for all. He also urged transport operators with unpaid tickets to pay their fines as stipulated.

Monday’s strike left thousands of passengers across the country stranded, while taxi drivers who did not want to take part in the strikes were beaten or had their cars damaged for failing to show solidarity with the protests.

While admitting there was disorder on the roads, Newman noted that that disorder extended beyond taxi and bus drivers who he said were being unfairly targeted.

“Is there a mess problem on the road alone? There is a serious disorder problem in Jamaica, even in Parliament. It’s not just on the road that we have a mess; we have cabinet mess down to the very bottom of the Jamaican population,” Newman said.

“So it’s not strange. We know, we admit. The government does not admit its evils but we admit ours. And yes there is disorder on the road, not just among taxi drivers but among motorists as a whole. And the government has to clean it up; put in the highway traffic law, add a public education program and let the law take its course,” Newman added.

In a 2019 report, the Public Protector (PP) recommended that the ministry ensure that no Toyota van transformed into a minibus taxi can transport passengers and travel on the country’s roads.

When asked why this was undertaken almost three years after the PP’s 2019 report, Transport Ministry spokesman Lwaphesheya Khoza said the ministry started scrapping the vehicles in 2019.

A total of 436 vehicles underwent the retrofit process – “1,917 vehicles continued to operate illegally and chose not to accept the retrofit offer,” Khoza said.

To date, only 592 vehicles have been received for scrapping. Most operators, 1,325, did not comply. These vehicles will be confiscated.

The department said the Special Investigation Unit is investigating the illegal conversion of Toyota vans.

“The illegal reference to these vehicle conversions means there is no record to find the companies or individuals responsible for the conversions,” Khoza said.

In 2005, Toyota vans were illegally transformed into minibus taxis, a transformation that did not comply with the safety standards for vehicles carrying passengers.

In 2008, according to the Department of Transport, some unscrupulous entrepreneurs discovered that vans were much cheaper than legal taxis – because vans are meant to deliver packages or move small loads, they don’t need luxury fittings and upholstery.

The scrapping of panel vans follows widespread complaints that they were illegal, unsafe and contributed to accidents on the roads.

Fake taxis are a death trap – and now fake ambulances are also on the road

Following the outcry over vehicle safety, a formal complaint to the Public Protector by Hennie de Beer and a submission to the Competitions Council were also filed by the National Taxi Alliance (NTA).

“This was after we realized there were a number of crashes at the time and those crashes were the result of these vehicles because they weren’t professionally done,” said NTA spokesman Theo Malele.

On the other hand, De Beer argued that the vehicles were structurally flawed and did not meet government safety regulations, national standards and specification requirements.

De Beer alleged that the operation of the vehicles contributed to the accidents because they were structurally unsafe and unstable. He also alleged that the banks financed the vehicles to unsuspecting buyers despite the automaker’s objections.

De Beer added that while some buyers bought the cars unaware of the problem, others did so because it was a cheaper option. In an email to suspended Public Protector Busisiwe Mkhwebane after the report was published, De Beer wrote:

“The scam had the most devastating motive for the lives and livelihoods of taxi owners as well as victims of related taxi accidents. I am confident that for the first time since 2005, their dignity is on the about to be restored.

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Visit daily maverick home page for more news, analysis and investigations

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Mkhwebane found that the illegal conversion of vans contributed to fatal accidents across the country. She concluded that the vehicles were unsafe for passenger transport and that the department should scrap the vehicles and pay a scrapping allowance.

A total of 2,353 panel vans have been identified by the department as being illegally converted, and of the converted panel vans, 436 have been retrofitted and 1,917 will need to be scrapped.

In Parliament in November 2020, members questioned why the Department for Transport said it only knew of illegally converted taxis in 2009, as there was evidence the Department was aware of as early as 2005.

All illegally converted Toyota vans due for scrap must be turned over to Taxi Recapitalization South Africa in Bryanston by January 31, 2023. No illegally converted Toyota vans will be permitted to carry passengers after this date. Non-compliant vehicles will be confiscated.

This statement is contained in a Official Journal of October 31, 2022 and signed by Transport Minister Fikile Mbalula on September 1, 2022.

Breakage compensation of R141,100 per taxi has been offered to operators.

But even as vehicle scrapping nears, some industry sectors are still unsure how the department will handle the process.

Panel vans are intended to carry goods and a maximum of three passengers.

“But…these vehicles were sold to unsuspecting taxi operators by unscrupulous retailers…in collusion with the banks, because you can’t buy these vehicles directly, you need bank financing,” Malele said. .

“Before being scrapped, a car must have an operating permit. But most of these vehicles have been withdrawn from circulation. Therefore, they do not have movement certificates. And without a movement certificate, you cannot apply for an operating permit,” Malele said.

Khoza said: “We are requesting that temporary permits be issued for scrapping purposes to allow the scrapping process to take place seamlessly.

“…these vehicles were marked by the administration (flagged in the system to prevent individuals from transacting with the national administration’s traffic information system if they have outstanding arrest warrants) by the ministry to prevent them from operating as they were considered unsafe. Assuming they were parked, it is logical to assume that the technical control of these vehicles would be questionable.

“A technical inspection certificate is not a requirement for disposal.”

The transport department said the modification of vehicles from a motor vehicle manufacturer’s original specification was permitted under road traffic law – van conversions were outside the terms.

“Illegally converted Toyota vans are dangerous for passengers and motorists. Vans will not pass a rollover test by SABS. They are intended for the transport of goods and not passengers,” said Bobby Gage, founder and CEO of the National Motorist Association of South Africa.

SABS performs rollover tests to assess passenger safety. It tests the strength, durability and safety of vehicles.

“The vehicles were modified illegally and in an unsafe manner,” Khoza said.

The ministry said it became aware of the illegal conversions in 2009 and realized the scale of the problem following an investigation.

“After careful consideration of all possible solutions, it has been decided that an investigation be carried out into the possibility of a safe upgrade process to enable these vehicles to meet the strict TRP specifications,” said Khoza.

“The transport department has helped the taxi industry retrofit vehicles to ensure safety compliance for the benefit of passengers, but as the numbers indicate, the majority of operators have chosen not to retrofit their vehicles,” Khoza said. DM

A section of Montego Bay’s congested transportation hub.

MONTEGO BAY, St. James — Minister without portfolio in the Prime Minister’s Office (West), Homer Davis, says efforts are being made to expand the Montego Bay transportation hub as part of an initiative to ease existing traffic congestion in the resort town.

According to Davis, a former mayor of Montego Bay and sitting MP for St James Southern, he invited his colleague, Transport Minister Audley Shaw, to the city in a bid to secure land owned by the Jamaica Railway Corporation for expansion. essential to the center, which is nearby.

“I have arranged for the Minister responsible, Mr. Audley Shaw, to visit [to Montego Bay]with a view to taking possession of some of the railway land to expand the transport hub, to include sections of Railway Lane,” Davis told the Jamaica Observer West.

There have long been calls for the expansion of the center which has exceeded its capacity.

DAVIS…I arranged for the minister responsible to come to Montego Bay to take possession of some railroad lands.

As a result, buses carrying workers in the hospitality and business process outsourcing sectors frequently park on sections of usually busy Howard Cooke Boulevard, adding to traffic congestion in the tourist town.

Moreover, the inadequacy of the center has led to other challenges such as illegal parking and unruly behavior of taxi operators.

In light of this, Montego Bay business tycoon Mark Kerr Jarrett recently called on the government to use rail land to exponentially expand Montego Bay’s transport hub, which he says is now full. to crack.

“What I would ask of the government is with regard to facilitation, and in particular the BPO [business process outsourcing] right now is a transportation hub in Montego Bay, which is multi-modal, where we can bring in all of our employees from west Jamaica and bring them to an organized transportation hub where they can then go out, whether that either to BPO or hotels, or downtown Montego Bay, Fairview, or anywhere even along the elegant corridor,” suggested Kerr Jarrett.

KERR-JARRETT… that [expansion of the transport centre] will move traffic from the main road to a central area from which everyone can go.

He noted that the proposed expansion of the transportation hub would facilitate increased numbers of a variety of motor vehicles and help alleviate “some of the congestion” created by worker drop-off and pick-up on Howard Boulevard. Cooke.

“We have a problem with BPO now. Because when shifts change and buses leave the Montego Bay Free Zone and Barnett Tech Park, it creates a huge amount of congestion on the Howard Cooke. [Boulevard] and by Pier One and others. And the suggestion came from Mr. Winston Cher [businessman]as well as Mike Henry [former transport and mining minister] raised it, is to take the old railroad land and turn it into a multi-modal transportation hub,” said Kerr Jarrett.

“This will move traffic from the main road to a central area from which everyone can go, from 40-seater buses to taxis, cars or minibuses, and will be distributed accordingly,” he added.

Kerr Jarrett was a panelist on the Invest MoBay forum and public discussion, part of the Montego Bay Chamber of Commerce and Industry (MBCCI) Expo 2022, held at the Montego Bay Convention Centre, last week. The theme of the discussion was: “Creating opportunities for growth and development”.

Davis, who was also one of three panelists including Gloria Henry, noted that “when Mark came to that, it’s something very frontal about my vision for the future for Montego Bay.”

“Yes, we definitely need expanded space for a transport hub and when I look at the railway grounds, coupled with what is there now, and the lower sections of Railway Lane, I think that area would be a great area to take eastbound and westbound traffic out of Montego Bay, so that’s something he touched on that we’re discussing,” Davis said.

“If we can get this whole area and put it in the transport hub, we’ll have more space for taxis and buses, and then we could have eastbound and westbound operation. So people who come from Irwin can just come and turn around and go out of town instead of having to travel into town and stuff like that.”

Davis later told the Western Observer that he expects Shaw to visit Montego Bay later this month as part of efforts to secure parts of the rail lands for the expansion of the transportation hub.

“We’re trying to see if we can get it [Shaw] before the end of November. He should have been down [to Montego Bay] on October 28, but I was out of the country,” Davis said.

In fact, the government minister noted that as soon as he was mayor of Montego Bay, he was looking to acquire the land to expand the center.

“It’s something that I support, even before I was a minister. When I was mayor of Montego Bay, we went there, we took the president of the Jamaica Railway Corporation, Mr. Ferris Ziadie, and we looking for how we could get it going,” Davis told the Western Observer.

“We need space in Montego Bay.

There is need [expansion] because this transport hub was built about 20 years ago. The [expanded] transportation hub would also serve as a drop off point for people who work in the BPO sector, as these buses do not have a designated area to park. They use the Pier One car park but some still park along the road.”

DUBLIN–(BUSINESS WIRE)–The “Global Recreational Craft Market Report 2022” report has been added to from ResearchAndMarkets.com offer.

The global recreational boat market is expected to grow from $38.04 billion in 2021 to $40.61 billion in 2022 at a compound annual growth rate (CAGR) of 6.8%. The recreational boat market is expected to reach $49.22 billion in 2026 with a CAGR of 4.9%.

The main types of recreational boats are yachts, sailboats, personal watercraft, inflatables and other types. Yacht refers to a vessel having sails and sometimes a motor, used for recreational or competitive sailing. The size of the yacht varies from small to large, and it is widely used for recreational activities. Pleasure boats use various sources of energy such as engines, sails and humans. Types of materials used in the manufacture of recreational boats include aluminum, fiberglass, steel, and other materials. They are used for fishing, transportation, sports, travel and tourism, and other applications.

North America was the largest region in the recreational boat market in 2021. Western Europe is expected to be the fastest growing region during the forecast period. Regions covered in the Recreational Boats market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle -East and Africa.

Growth in the tourism sector is expected to propel the growth of the recreational boat market. Tourism is a social, cultural and economic phenomenon that involves individuals traveling to countries or places beyond their typical environment for personal or business/professional reasons. The rapid growth of tourism in the last decade is due to the increase in disposable income, access to various places, the desire to explore, etc.

The pleasure boat helps the tourism industry by transporting passengers to the desired travel destination and providing a luxurious experience for tourists. For example, according to a report published by the United Nations World Trade Organization (UNWTO) in 2022, global tourism increased from 400 million in 2020 to 415 million in 2021, an increase of 4% in 2021 compared to the previous year. Hence, the increase in tourism is expected to drive the demand for recreational boats over the forecast period.

Technological advancement is a key trend gaining popularity in the recreational boat market. In the recreational boat sector, artificial intelligence is widely used to optimize routes, reduce emissions and reduce instances of human error through the use of highly developed AI systems.

For example, in December 2020, Buffalo Automation, an American start-up specializing in artificial intelligence and creating autonomous navigation technology for water taxis, pleasure boats and commercial vessels, launched Greycraft Water Taxi. It is the first fully autonomous, AI-driven robotaxi capable of carrying passengers. The system uses artificial intelligence, neural networks and thermal imaging technologies to detect even the most minor obstacles and safety issues, issuing important alerts and helping to navigate safely around them. It is a stable, safe and secure mode of transportation.

Scope

Covered markets:

1) By type of boat: Yachts; Boat; personal watercraft; Inflatables; Other types

3) By power source: powered by the engine; Propelled by sail; powered by man

4) By type of material: aluminum; Fiberglass; Steel; Other materials

5) By application: fishing; Transportation; Sports; travel and tourism; Other Apps

Main topics covered:

1. Summary

2. Characteristics of the pleasure craft market

3. Recreational Boat Market Trends and Strategies

4. Impact of COVID-19 on pleasure craft

5. Recreational Boat Market Size and Growth

6. Recreational Boat Market Segmentation

7. Regional and country-level analysis of the pleasure craft market

8. Asia Pacific Recreational Boat Market

9. China Recreational Boat Market

10. India Recreational Boat Market

11. Japan Recreational Boat Market

12. Australia Recreational Boat Market

13. Indonesia Recreational Boat Market

14. South Korea Recreational Boat Market

15. Western Europe Recreational Boat Market

16. UK pleasure boat market

17. Recreational boat market in Germany

18. Pleasure boat market in France

19. Eastern Europe Recreational Boat Market

20. Russia pleasure craft market

21. North America Recreational Boat Market

22. Recreational Boat Market in the United States

23. South America Recreational Boat Market

24. Brazil Recreational Boat Market

25. Middle East Recreational Boat Market

26. Africa Recreational Boat Market

27. Recreational Boats Market Competitive Landscape and Company Profiles

28. Key Mergers and Acquisitions in the Recreational Boat Market

29. Recreational Boat Market Future Prospects and Potential Analysis

30. Appendix

Companies cited

• Azimut Benetti Group

• Marine Bass

• Bavaria Yachtbau GmbH

• Brunswick Society

• SPA Ferretti

For more information on this report, visit https://www.researchandmarkets.com/r/w5b6v3

DUBLIN–(BUSINESS WIRE)–The “Electric Aircraft VTOL (eVTOL) Market – A Global and Regional Analysis: Focus on Design, Range, Use Case, Mode of Operation, Power Source, Component and Country – Analysis and Forecast , 2023-2032″ report has been added to from ResearchAndMarkets.com offer.

Global Electric VTOL (eVTOL) Aircraft Market is expected to reach USD 700.5 Million in 2032 from USD 27.5 Million in 2023, at a growth rate of 38.2% during the forecast period 2023-2032 . The growth of the global electric VTOL aircraft (eVTOL) market is expected to be driven by the growing number of smart cities and the growing need for sustainable transportation.

Market life cycle stage

Over the past few years, the trends in the number of smart cities and the need for sustainable transportation have dramatically increased around the world to optimize city functions and drive economic growth. In addition, several governments around the world have signed the Paris Agreement to reduce the carbon footprint in their respective countries, which promotes sustainable air transport. However, the road journeys of daily commuters in big cities are becoming very difficult due to increasing traffic congestion, so daily commuters are looking for efficient, sustainable and safer modes of transport to work and other desired destinations. Moreover, several megacities have already reached their limit of road infrastructure expansion due to limited land space in their cities. This provides the opportunity to develop urban air mobility using electric VTOL (eVTOL) aircraft in smart cities and megacities.

Additionally, eVTOL aircraft advancements offer various designs and improve efficiency by increasing operating range and enabling autonomous technology. In addition, the eVTOL platform offers various applications, such as air taxi, private air vehicle, cargo transportation and air ambulance, which has largely paved the way for various growth opportunities for the sectors of defense and trade.

Impact

The global electric VTOL aircraft (eVTOL) market is witnessing an increase in investment across all platforms, which is driving investments in the ecosystem, such as ground infrastructure and battery technology. The main challenge in operating eVTOL aircraft is the lack of battery technology. The batteries currently in use are lithium-ion, lithium-sulfur, and lithium-phosphate, which are insufficient to provide long-range power. In addition, the lithium battery energy density is low for eVTOL aircraft. Additionally, regulations for operating the eVTOL aircraft in urban areas and the development of vertiports are still in the development phase, further delaying the entry of the eVTOL aircraft into the market.

Market segmentation

Segmentation 1: by design

• Elevator and Cruise

• Tiltrotor

• Multicopter

• Channeled Vector

Based on the design, the global electric VTOL (eVTOL) aircraft market is expected to be dominated by the lift and cruise model during the forecast period.

Segmentation 2: by use case

• Air taxi

• personal air vehicle

• Cargo

• air ambulance

The personal air vehicle segment is estimated to have the highest market penetration in 2023. This segment is expected to generate revenue of $13.8 million in 2023 and is expected to grow at a CAGR of 34.8% during the period. forecast.

Segmentation 3: by Range

• <50km

• 51km – 200km

• 201km – 500km

• >501km

Segmentation 4: by energy source

• Electric drive

• Hybrid drive

• Hydrogen propulsion

Segmentation 5: by mode of operation

• Pilot

• Remote controlled

• Autonomous

Segmentation 6: by component

• Structure

• Avionics

• drive system

• Power supply system

• Sensor

Segmentation 7: by Region

• North America

• Europe

• Asia Pacific

• Rest of the world

North America is expected to account for the highest share of 54.74% in the electric VTOL (eVTOL) aircraft market by value in 2023, owing to a large number of companies based in the region.

Demand – Factors and Limitations

Following are the Global Electric Aircraft VTOL (eVTOL) Market Drivers:

• Increase in traffic congestion in urban areas

• Growing demand for sustainable air transport

Following are the challenges for the global electric aircraft VTOL (eVTOL) market:

• Lack of ground infrastructure

• Lack of battery technology

Following are the opportunities for the global electric aircraft VTOL (eVTOL) market:

• Opportunities for air taxi services

• Opportunities for Ground Infrastructure Developers

Main market players

• Airbus SE

• Archer Aviation Inc.

• Aura Aerospace LLC

• Aurora Flight Science

• Bell Textron Inc.

• Beta technologies

• Eve Holding, Inc.

• Elroy Air

• eHang

• Jaunt Air Mobility LLC

• Joby Aviation

• Lilium GmbH

• Piasecki Aircraft Corporation

• Urban Aeronautics

• Terrafugia

• Vertical Aerospace Group Ltd.

• Wisk Aero LLC

• XTI Aircraft Company

Main topics covered:

1 Markets

2 Electric VTOL platform (eVTOL)

3 Region

4 Markets – Competitive Benchmarking and Company Profiles

5 growth opportunities and recommendations

6 Research methodology

For more information on this report, visit https://www.researchandmarkets.com/r/sr3xzb

Communications and Works Minister Hon. Kye M. Rymer said a public transport dispatch unit and taxi fare review are underway to support the highest standards of service to visitors and to the traveling public.

Hon Rymer said the unit will be responsible for organizing the movement of people to and from all entry points, while ensuring that a fair remuneration mechanism is in place between taxi operators and of livery.

Hon. Rymer said: “The official taxi fare came into effect on November 26, 2010; marking twelve years since the last official review. The Virgin Islands has grown, and consideration must be given to the rising cost of living over the past decade, as well as developed areas that are not within the existing tariff.

The minister said that in an effort to address the port security challenge that often acts as taxi dispatchers in ports, the commission proposes to develop a public transport dispatch unit to alleviate these problems.

“The commission is responsible for educating and training dispatchers so that all individuals are aware of taxi regulations,” the minister said.

The Honorable Rymer, in conjunction with the Taxi and Livery Commission, invites all public transport operators and for-hire transport industry stakeholders to a meeting on Monday, October 31 at 5:00 p.m. at the Boardroom Tortola, Maria’s by the Hotel de la Mer.

The purpose of the meeting is to discuss the revision of taxi fares and the public transport dispatch unit. For questions or concerns, individuals can call 496-6835.

BIZANA – Motorists didn’t mince words as they told Eastern Cape MEC for Transport Xolile Nqatha of their frustration with the state of the roads in parts of the province.

Nqatha was manning a roadblock on the R61 outside Bizana near the KwaZulu-Natal border on Friday. Disgruntled motorists told him how much the province’s roads cost them.

Taxi driver Mpumelelo Mkhusane told Nqatha that his wish was for the provincial government to speed up the repair of potholes.

“The road between eMagusheni (in Bizana) and Post St Johns needs urgent attention. The road poses a huge hazard to road users. If you can get the road fixed soon, we would really appreciate it,” he said.

Another motorist, Ntokozo Khambule, said it was unfair that they were fined for not having permits when the delays were caused by the provincial government’s failure to issue them on time.

“We are fined for failing to produce permits and yet when we visit traffic department offices we experience delays. Our company is on the road, we don’t have time to spend the whole day in the traffic department,” lamented Khambule.

In response, Nqatha said the department was working with Sanral and the National Department of Transport to resolve the pothole problem.

Nqatha said the department has also opened several centers across the province to reduce the waiting period for permits.

“The center we recently opened is a state-of-the-art center in Bhisho for operating licenses, record renewals and ticket payment,” he said.

Nqatha said the department has identified other areas where it will open similar centers.

Acting deputy chief executive Zanemvula Ngovela said the department had planned to increase its annual pothole repair budget, currently at R50 million.

As the festive season is fast approaching, Nqatha said, the department has already started rolling out programs of awareness campaigns to ensure people obey the rules of the road.

Nqatha also urged pedestrians to be more vigilant.

He said at least 20 people lost their lives on the roads over Heritage Day weekend. “Most of them were pedestrians. We call on our communities to stay safe and to ensure that they obey the rules of the road,” he said.

Story courtesy of Keith Ngesi Media.