Here is a bit more background on the futuristic design ambitions from the company:

But Italian flying-car company Terrafugia isn’t letting all of that hold it back – it’s just released details of its new designs for the TF-X model, and this thing looks awesome. It has a cruising speed of 322 km/h (200 mph) with an 805 km (500 mile) flight range, and requires no runway space whatsoever to take off and land.

First announced back in 2013, the TF-X is a four-passenger hybrid vehicle, which will be able to recharge its batteries either from its engine or by plugging in to electric car charging stations. It will be small enough to fit inside a regular garage, and will be able to drive on all kinds of streets and highways.

Could you imagine the cost savings?  If you tally up the dollars it takes to build and maintain highways, and the fossil fuels that go into the process, it is likely a staggering amount.

We’re looking forward to updates from this innovative company.

thanks to science alert for the great info