I have been waiting for this for a long time. And it seems that the day where we have flying cars is getting closer. The flying cars are a product of Terrafugia and are the brainchild of some really smart folks from MIT.

Terrafugia was founded in 2006 by award-winning MIT-trained aeronautical engineers and MBA’s – who also happen to be passionate private pilots. The company’s mission is to provide innovative solutions to the challenges facing personal aviation. The result: the Transition® Roadable Aircraft.

Once we get this figured out, can someone please make some hoverboards and jet packs for the public?

More images of the flying car after the jump

[Images via Terrafugia]