The move shows that tech start-ups attacking climate issues can attract the most qualified engineers.
not only invested in its business, but also placed an order for $1 billion of its fully electric aircraft with the option to buy an additional $500 million worth over time.
Commercial passenger aviation generated 785 million tons of carbon dioxide emissions in 2019, according toMeanwhile, the International Air Transport Associationthat air travel passenger numbers will recover to more than 85% of pre-pandemic levels next year, and surpass pre-pandemic levels by 5% in 2023.
Schwekutsch told CNBC in an e-mail on Wednesday, "While automobiles have certainly progressed, the only way to see true climate reform is by not making only cars more sustainable, but every means of transportation. And air travel clearly has the biggest opportunity to become more sustainable." Archer co-founder and CEO Brett Adcock said, "Michael's decision to come on board validates the success of the last several years and we are excited to move our powertrain development forward at pace towards our planned commercial launch in 2024." Schwekutsch will lead the company's battery and electric motor development efforts.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This Apple manager quit partly due to strict return-to-office policiesThis Apple manager loved his job. He quit anyway and took a 50% pay cut partly due to the company's stringent return-to-office policies
Read more »
Cate Blanchett, Kevin Kline to Topline Alfonso Cuaron Apple Series ‘Disclaimer’Alfonso Cuarón will write, direct and exec produce all episodes of 'Disclaimer,' which marks his first show under his overall deal with Apple
Read more »
How Gabrielle Union—And Her Neon Valentino Gown—Stole the Show at The Fashion AwardsThe perennially chic star’s stylist shares the story behind her electric red carpet gown.
Read more »
Tesla files legal papers to officially move headquarters to Austin, TexasThe auto company owned by Elon Musk was previously headquartered in Palo Alto, California.
Read more »
Twitter's new 37-year-old CEO went from Twitter engineer to CEO in just 10 yearsParag Agrawal, who has been Twitter's CTO since 2017, will take over as CEO immediately after Jack Dorsey's surprise resignation on Monday.
Read more »