Terrafugia Transition flying car

The dream of a flying car has been around since the 50ies, when the first prototypes were made. However, no viable, serially produced models have emerged up to this date, something which might be about to change. According to the manufacturers, the Terrafugia Transition is a "roadable aircraft" with foldable wings, which runs on gasoline, which will be available to consumers by the end of 2009 and which will cost approximately $200 000.

The "roadable aircraft" designation comes from the fact that you will need to get it to an airport in order to takeoff..Once there, you initiate the wing unfolding procedure,after which you are ready to go.

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Terrafugia corporate site