AeroMobile 3.0 Flying Car - This flying car will be in the skies by 2020

This flying car will be in the skies by 2020 — but it’ll cost a packet

(Web Desk) The AeroMobil Flying Car boasts foldable wings and a price that’ll bring a tear to your eye

This flying car will be in the skies by 2020 — but it’ll cost a packet

In the future, there will be flying cars. Sadly, it appears only millionaires will be able to drive them.

The AeroMobile 3.0 Flying Car, which was unveiled in Monaco is set to be the first available commercial flying car . The price? £1 million.

The Slovakian startup that developed it reckons the car will be ready to take to the skies in the next three years.

AeroMobil Co-Founder & CEO Juraj Vaculik, said, "The launch of the AeroMobil means and that everyday flying transportation will soon be a reality."

The company is only making 500 models of the car and plans to start delivering them to customers by 2020.

The demand will no doubt be sky high.

The petrol-powered superman-car can take off using a grassy or paved runway just a few hundred metres long.

It can also be used to speed along earthbound roads, whilst drivers will be able to fold in the wings to squeeze it into ordinary parking spaces.

Vaculik said, "To significantly reduce the cost of flying cars in the long-term, we are bringing an automotive high-volume approach to a traditionally conservative low-volume aerospace industry, significantly cutting components costs via smart design, novel materials and production automation whilst fully conforming with civil aviation industry requirements."

Before you shell out a cool one mil to get your own, you need to know there are a few caveats.

Firstly, the government is looking hard at regulations concerning the likes of drones and flying cars. By the time 2020 rolls around, there may be some legal loopholes to fly through.

Secondly, you’re going to need to supplement your driving licence with a pilot’s licence. Obviously.