Futurists have been predicting its arrival since the last century. Now those predictions could really 'take off' with the news that US company Terrafugia are working to build a prototype flying car within 2 years - with volume production expected by 2024.
Named the TF-X, the firm's vision of the future has fold-out wings each with an electric motor. Powered by a 300 horsepower engine, cruising speed is expected to be around 200 mph (322 km/h), along with a 500-mile (805 km) flight range.
The planned four-person vehicle will use computer-controls so that passengers can simply type in a destination before taking off. In real terms this means you could leave London at 7am and arrive in Paris 90 minutes later to enjoy coffee and some freshly baked croissants - and have enough juice to get home again.
You may need to start saving now however as getting airborne will set you back around £183,000 - roughly the equivalent of 1000 budget airline flights from the UK to Europe.
Owners will need a pilot and a driver's licence to operate the road-legal airplane, in addition to having achieved 20 hours under their belt. Once those boxes are ticked, you'll be able to head down a motorway to your nearest airport, and then take off on a conventional runway.
Terrafugia said its aim is to provide 'true door-to-door transportation,' with the vehicle capable of being parked in a home garage like an ordinary car. Only time will tell if the futurists prediction will come true!