Rolls-Royce CEO Justifies Dropping Electric Aviation Program Amid Rising Costs
The electric vehicle (EV) industry faces a surprising twist as Rolls-Royce Holdings Plc’s CEO, Tufan Erginbilgic, defends his decision to exit the electric flying taxi business, citing soaring costs and regulatory hurdles. Published on June 11, 2025, by Bloomberg, the move marks a strategic pivot for the UK-based jet-engine manufacturer, raising questions about the future…