Now I feel like I am back in school

Anyways, going on memory from what I have read in the past instead of a current web search.
Electric propulsion was mostly in academic land in the early 2000s with a focus on distributed propulsion. From what I recall, this lead to NASA blown lift wings.
The FAA has for a very long time had an urban mobility initiative, of which I am not aware of any actual regulatory progress until the past decade. Around a decade ago (I think), the FAA started to make a real effort and called it the advanced air mobility effort. This was a complete look at the how to handle a large number of short range "air taxis" for lack of a better description. The difference between this effort and previous ones was the FAA actually made real progress and has proposed (not sure if passed) actually regulatory changes to support this nascent industry. One other aspect that I think was critical was the change from a focus only on a single metro urban area to urban and regional transportation. A guess on my part, is the FAA made and followed through on this commitment for AAM based on the watching how much private venture funding was going into eVTOL/eSTOL aircraft.
As for eVTOL/eSTOL industry, the pitch in the PR pieces focus quiet, point to point and go anywhere flexibility. In the prospectus I have read, the focus has been on either one of two things. 1. Significantly lower operational costs, and often if an air taxi service they predict short range flights that match Uber/Lyft on price. 2. For cargo aspects, much lower operational costs by brining cargo closer to delivery point with little to no infrastructure/staffing requirements.
That is why I view eVTOL/sVTOL as technically viable. But I do not see the technology available yet for the meeting the economic vision. To me it is only a matter of time. It might be just a few years, or it could take decades. To have such an economic breakthrough will require some massive technical/process change. And there is a crap load money going into solving the economic issues, but predicting when this investment has a major break through, to me is a not possible.
Tim