US company Terrafugia has put on display a prototype car that is licensed to fly as well as drive, at the New York International Auto Show.
Known as the Transition, the versatile vehicle has two seats, four wheels and retractable wings.
It is expected to be available next year, with a price tag in the region of $279,000 (£176,300).
The vehicle currently has an experimental certificate from the FAA, meaning the company has permission to fly it in US airspace for test purposes. The company hopes in time it will gain a light sport aircraft licence.
"You can pull up at a regular gas station to fill it up", says Dr Schwegart. A full tank holds 23 gallons (87 litres) of fuel.
It requires Premium 91-octane fuel, and does 35 miles to the gallon (6.7l/100km) on the road, and 28 mile (8.4l/100km) in the air.
With a range of 644 miles (1,035km) on a full tank, the vehicle could in theory make a non-domestic journey. For the time being, however, the vehicle is restricted by its licence to flying in the United States
I always said when people talked about flying cars, that we already have them and they are called helicopters but these cars now truly are 'flying cars'. This is remarkable and who knows in 30-40 years time we could be looking back and thinking how old fashioned ground-only cars were.
It also means you could drive from the uk to algeria on just two tanks of fuel. It gives a whole new meaning to popping round to visit the family...