Bloomberg reports that the dream vehicle of commuters everywhere—a flying car—might be available on the market within three years.
Josh Dean shares news of the Terrafugia Transition, a flying car that "will be capable of 70 miles (110 kilometers) per hour on the road and 100 mph in the sky…"
The Terrafugia Transition is the work of MIT graduate Carl Dietrich, who is currently "refining details on the third-generation prototype of his $279,000 vehicle before attempting certification by both the FAA, which regulates planes, and the National Highway Traffic Safety Administration, which oversees cars."
Dean notes that although the flying car is a concept that has certainly been dreamed of before, the "reason the Transition is further along than any previous flying-car concept is that, in 2004, the FAA created the so-called light sport aircraft designation for planes that weigh less than 1,320 pounds (600 kilograms) and seat no more than two people. LSA manufacturers are given an easier path to market in order to encourage entrepreneurship and innovation in a niche of the industry that has seen very little of either."
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