Flying car stocks to buy are about to take off.

According to JPMorgan, if flying cars are successful, the market could be worth $1 trillion by 2040. At best, the market could be worth $3 trillion by 2040 if flying cars become involved in cargo and military operations. All while dozens of companies – from China to the US and Europe – are trying to get flying cars off the ground.

One of the best companies to keep an eye on is Joby Aviation (NYSE:JOBY), which moved to the next phase of flight testing after completing the pre-production test program. As the company enters the prototype aircraft production phase, it can earn tax credits and move closer to commercial air taxi services.

The company was cleared to launch air taxi services in the United Arab Emirates with an exclusive six-year contract in Dubai. And it just delivered two aircraft to MacDill Air Force Base in 2025 under the Agility Prime contract.

While JOBY is certainly one of the best flying car stocks to buy, there are three more to consider.

eHang Holdings (EH)

eHang Holdings (NASDAQ:EH) took off after finding strong support at $10 per share. Now consolidating just below $18, I’d like to see it retest at $22 initially.

To help, Morgan Stanley just initiated an overweight rating on EH stock, with a $27.50 price target. “We consider eHang a pioneer in the urban air mobility (UAM) market – with the world’s first (type certificate) awarded, validated products and access to a multi-trillion (total addressable market in renminbi) in China,” the company added to it. .

In fact, the issuance of the certificate from the Civil Aviation Administration of China is a huge catalyst for the company. EH may begin mass production of its EH216-S pilotless eVTOL (electric vertical take-off and landing) aircraft.

“Obtaining this certificate indicates that EHang has established a quality management system for mass production that meets the airworthiness requirements of the CAAC, and that the company has been cleared for continued mass production,” EH’s press release said.

Sagittarius Aviation (ACHR)

Another one of the best flying car stocks to buy is Sagittarius Aviation (NYSE:ACHR). Although the graph is not that popular at the moment. But give it time.

Currently, it is oversold at a double bottom support of $3.75. From here, I would like to see it rise to $5.50 initially.

The profits weren’t hot. The net loss of $0.36 missed estimates of $0.31. The total net loss of $116.5 million was wider than the $113.1 million loss a year earlier. But don’t write it off yet. The company has focused on achieving Federal Aviation Administration (FAA) certification.

It has also recently formed partnerships with Stellantis (NYSE:STLA), which recently purchased an additional 8.3 million shares of ACHR.

Also consider that “Stellantis announced that its goal was to mass produce Archer’s Midnight aircraft as an exclusive contract manufacturer, allowing Archer to strengthen its path to commercialization by helping it avoid hundreds of millions of dollars in expenses,” according to a recent release. press release. “Construction of the first phase of Archer’s high-volume manufacturing facility in Georgia is on schedule and will be completed later this year.”

Lily (LILM)

Even Lily (NASDAQ:LILM) is in motion.

After a low of around $0.80, LILM is now at $1.10. From here, I’d like to see it cost $1.50 again soon. The announcement that UrbanLink, an advanced air mobility operator, agreed to purchase 20 LILM jets with an option to purchase 20 more has helped significantly.

“Lilium’s partnership with UrbanLink marks a critical milestone in accelerating AAM adoption in South Florida. “UrbanLink’s entry into the region includes plans to leverage the network of Florida vertiports that Lilium and its partners have been diligently building over the past five years,” according to a recent press release.

In addition, LILM is reportedly in advanced discussions with the French government to expand high-volume production capacity of the Lilium aircraft. This includes possible government subsidies and loan guarantees.

If all goes well, LILM shares could easily double, if not triple, in the future.

At the date of publication, Ian Cooper had (neither directly nor indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the author, subject to the InvestorPlace.com Publishing Guidelines.

InvestorPlace.com contributor Ian Cooper has been analyzing stocks and options for web-based advice since 1999.