AeroMobil has their model set to be released in 2020 with a price tag of $1.2 million to $1.6 million.

The flying car price should be fairly competitive with many high tech, luxury vehicles on its release date. The real question is – then what? In the same way that Amazon has had to navigate the choppy legal waters of delivering packages via drones, aviation experts who’ve invented flying cars will then be left with a number of decisions. With so many players in the game, it’s inevitable that the world will see a flying car within the next few years whether it’s 12 months or a decade from now. Created by David Brody and a team of aviation experts, the TriFan 600 has two gas-turbine engines, two wing-mounted fans and can reach a speed of up to 400 miles per hour and an altitude of 30,000 feet. It’s a small jet that promises to bring people from point A to point B. However, in the mean time, the world can tide itself over with the XTI Aircraft, touted by Popular Mechanics as “better than a flying car.”Īccording to Popular Mechanics, the XTI Aircraft isn’t quite a flying car. It’s to be seen who will win the race to commercialize the flying car. Several other companies are rumored to be working on futuristic automobiles. Similar to AeroMobil’s brainchild, Transition also has wings that can fold, making it easy to store the vehicle in a garage.

Once they identified these obstacles, they created Transition so it can fly at 100 miles per hour, get 20 miles to the gallon and drive at up to 35 miles per hour.

They came up with four issues including price points, weather, airport travel and where to land these aeronautical vehicles. To come up with the Transition, the engineers started by researching possible roadblocks to flying. In 2013, Business Insider stated that the company, which was founded by five MIT-trained engineers, was well on its way to releasing its first model, the Transition, a small plane that also drives on the road. Turns out, AeroMobil isn’t the only tech company working on a flying car. Terrafugia is also known for being at the forefront of this ground-breaking technology. People who have a knack for fancy cars and an interest in technology might soon be able to park the hybrid vehicle in their garage at the estimated price of a few hundred thousand dollars. Not only does the company expect to bring its project to fruition sooner than expected, it also anticipates commercializing the product a lot earlier than planned. “A car with stowable wings could be out within two years.” As Forbes reported, Juraj Vaculik, CEO and co-founder of Slovakian company AeroMobil, made the announcement at the 2015 South by Southwest, held in Austin, Texas, that a car with stowable wings could be out within two years. The futuristic flying automobiles could be on the road – or sky – by 2017. The Sky is the Limit with Today’s Flight Technology Cars that can fly may be in closer grasp than you think. A flying car was once only thought to be possible in the movies, however, the world is closer than ever to experiencing this mind-boggling phenomenon.

Real hover car