PAL-V A Dutch Flying Car
PAL-V,is a Dutch company that has been developing a flying car called PAL-V since 2008.The first commercial models of the arrow-shaped PAL-V are expected to hit the market in 2014.This flying car has been priced at $330,000 to $400,000.
It is a gyrocopter with an endurance of about 500 kilometers at an altitude of up to 1,200 meters.
On landing the rotor blades are tucked in and it assumes the role of a legal three wheeled vehicle.The maiden flight was conducted in March at the Dutch Air Force base.
PAL-V,requires 165 meters of runway to take off and 30 meters to land and can only be flown from airports.
Please see the video curtsy The Telegraph.