The company Terrafugia announced that it has designed and is currently implementing a prototype car that will be able to fly and land and take off vertically.
On its website it states:
[quote]
The TF-X ™ is the practical realization of a dream for countless visions of the future to come. It is designed to be the flying car for all of us. To achieve this grand vision, Terrafugia will focus on the project TF-X ™ with clear goals to improve the safety, simplicity and convenience of personal transportation. We believe that all of these goals are achievable today.
- The TF–X ™ will be a four-seater.
- The TF–X ™ will have a flight at least 500 miles.
- The TF-X ™ will be serviceable by a single standard car garage.
- The TF-X ™ will be able to take off vertically from a space at least 100 feet in diameter.
- The TF-X ™ will be able to be driven on streets and avenues.
[/quote]
According to Terrafugia, the TF-X will feature hybrid electric motors that will produce at least 600 horsepower, and additional 300 horsepower thrusters will operate during flight.
Watch the presentation video:

