Soon Flying to a Garage Near You

CA - 2016-6-21 - Flying Cars - flying cars imageThe joke among futurists is that flying cars are 20 years in the future and always will be.  But a company called AeroMobil has recently demonstrated an elongated, road-ready flying vehicle with stowable wings that can navigate both city traffic and the airspace between landings and take-offs from the world’s airports.  Meanwhile, a company called South by Southwest is about to launch a flying roadster that will sell at roughly the cost of a high-end Tesla.

Other entrants are Terrafudia, Moller International and PAL-V.  Terrafudia has already accepted deposits from 100 customers for delivery of its flying cars sometime next year.

There are hurdles.  One is that all of these vehicles will have to pass numerous tests to prove they’re road-ready, fit to fly, and that a normal person would be able to operate them safely.  Another is that most of the models—with the exception of Moller International’s Skycar (see illustration)—take off horizontally, which means you can’t pull out of your garage and take to the air.  You would need to drive to the airport and take off on the runway.  The Skycar, in contrast, is designed to life off vertically like a drone directly from your driveway.

Another hurdle, obviously, is cost.  The South by Southwest vehicle, if it gets regulatory approval, will be the least expensive; the others will come with a starting price of $300,000 to $500,000, which will drop (as the price of electric cars has dropped) when companies get more customers that allows them to amortize their manufacturing costs—and force futurists to retire what may be their oldest joke.

sources:

http://money.cnn.com/2015/05/18/luxury/flying-cars-aeromobil/index.html

http://www.forbes.com/sites/ericmack/2015/03/16/finally-a-flying-car-could-go-on-sale-as-soon-as-2017/#4a2db6bd219e

About Objectively Speaking

Tom Batterman, founder of Vigil Trust & Financial Advocacy and Financial Fiduciaries, LLC is in the business of representing the best financial interests of his clients. Having provided objective, fee-only financial management services for over two decades, he specializes in managing the investment and related financial affairs of individuals and mutual insurance companies who do not have the time, interest or expertise to manage such matters on their own. As an objective, unbiased professional who takes on a fiduciary responsibility to his clients, he guides clients to the financial decisions they would make themselves if they had years of training and experience and the time and expertise to fully research and understand all of their options. Founded in 2010 as an outgrowth of Vigil Trust & Financial Advocacy, Financial Fiduciaries, LLC is a financial management solution for individuals and mutual insurance companies who recognize they do not have the time, interest or expertise to properly attend to their financial matters on their own. While there are many financial “advisors”, most of them have investment products to sell and the “advice” they provide is geared toward getting their clients to engage in a purchase. As one of the rare subset of advisors known as “fiduciary advisors”, Financial Fiduciaries does not sell any investment product so its guidance is not compromised by conflicts of interest which plague ordinary advisors. Prior to his employment in the financial industry in financial advocacy and trust positions, he worked at a private law practice in the Wausau area in the areas of estate planning, tax, retirement planning, corporate organizations and real estate. He is a graduate of the University of Wisconsin-Madison and the UW-Madison Law School and has during his career held Series 7, 24 and 65 securities licenses. A longtime resident of the Wausau, Wisconsin Area, Tom is active in the community. He enjoys golf, curling, skiing, fishing, traveling and spending time with his family.
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