This Flying Car Could Soon Be Yours for $279,000

It seems like something out of The Jetsons, but it's real. Or at least it will be soon.

Terrafugia is perhaps just a few regulations and one very powerful battery away from clearing most of the hurdles it needs to create a flying car that consumers in the market for the equivalent of a super luxury sedan could afford.

It's a dream that Carl Dietrich, the company's co-founder, CEO and CTO, has been working at steadily since at least 2006.

"I think it's ridiculous we don't have these things out there, right now," Dietrich said, speaking of the flying cars he's helping to design. "There is so much potential for an economic benefit to society if we have things like this. There have been a number of studies recently that have quantified the economic impact of traffic congestion ... just for the U.S., I think it was estimated at $87 billion to $125 billion a year. And that's just comparing it to driving at normal speeds, without traffic." Read more...