Flying Cars ruled street legal

8:00 AM, Jul 14, 2011   |    comments
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St. Petersburg, FL - The federal government says a flying car called the Transition is street legal. The company that makes the vehicle, Terrafugia, expects the Transition to hit the road or air late next year.

Priced at roughly $250,000, Terrafugia says they have already pre-sold 100 of the vehicles.

Richard Gersh, the V.P of Business Development for Terrafugia says Florida is one of their top states for pre-orders.

Gersh would not reveal how many people in Florida have pre-ordered one of the flying cars, only that the company requires a $10,000 security deposit.

The Transition was cleared by the FAA last year.

Terrafugia has been developing the flying car since 2008.

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