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The world’s first flying car that can travel at 100 miles per hour and fly up to 10,000 feet has been given the all-clear for take-off by the Federal Aviation Authority in the USA.

Massachusetts-based company Terrafugia’s have been working on their “roadable aircraft” for some years and the air-road hybrid has now received a Special Light-Sport Aircraft certificate by the USA’s Federal Aviation Administration (FAA).

This means the flying car – which has a flight speed of 100mph in the air – has met the standards to takeoff for flight.

Terrafugia described the moment as being a “significant milestone” for the two-seat hybrid’s eventual use on the roads and in the air. It is yet to receive a certificate from the National Highway and Traffic Safety Administration (NHTSA) to deem it safe to drive on the street.

Credit: PA

Kevin Colburn, General Manager at Terrafugia, said the company was “excited” to obtain the FAA certificate, adding that: “This is a major accomplishment that builds momentum in executing our mission to deliver the world’s first practical flying car.”

Colburn also said he hopes to have the flying car both legal in the air and on the roads by 2022.

However, if flying in a car is something that’s been on your bucket list, you’ll need both a driver’s license and a pilot’s license to take the reins of Terrafugia “roadable aircraft” whenever it becomes available.

It has a range of around 400 miles, and safety features include an airframe parachute and a carbon fibre safety cage.

The idea is that you’ll fly the plane, before landing it on a small stretch of road or a small airport, before simply driving it off to wherever you want to go.

Credit: PA

However, it’s not going to be cheap. In 2018, NBC News reported that the two-seater Transition would be priced at $400,000 (£287,254).

Better get saving now then.

Terrafugia was bought out by Geely, a Chinese company that owns car manufacturer Volvo, in 2017.