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New Research Reveals How Much It Would Cost You To Own A Flying Car

by : Niamh Shackleton on : 14 Jul 2021 16:23
New Research Reveals How Much It Would Cost You To Own A Flying CarPA Images

New research has estimated how much it will cost you to own a flying car, and it’s safe to say that you’d best get saving up now.

Once a pipe dream, flying cars are slowly but surely becoming a reality.

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Last year saw a flying car successfully take-off with a person onboard, which was Japan’s first-ever manned flight of a flying car.

The test drive was conducted by SkyDrive and took place at Toyota Test Field’s 10,000 square metre grounds. The vehicle that the test involved, known as the SD-03, is thought to be the world’s smallest electric Vertical Take-Off and Landing (eVTOL) model.

Check it out:

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Since then, it’s been predicted that flying cars will be available for purchase in just two years time. In Japan in particular, it’s hoped the once fictitious vehicles will help ease congestion in the country.

Morgan Stanley’s lead analyst in aircraft and airlines  explained the hopes for flying cars to The Japan Times earlier this year:

[Flying cars] could later transform into a cost-effective, time-efficient method of traveling short to medium distances, eventually taking business away from car and airline companies.

Analysts from the investment banking company predicted that the flying car sector could be worth a whopping $1.5 trillion by 2040.

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SkyDrive isn’t the only one promising flying cars to be available by 2023; AeroMobil has also predicted that its vehicles will be ready to purchase by then.

See the vehicle here:

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Patrick Hessel, chairman and CEO of AeroMobil, said in a statement in April, ‘The successful performance of The AeroMobil in passing these critical governmental certification tests brings the commercialisation of a new luxury supercar, equally at home in the air or on the road one step closer to reality.’

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‘When it comes to market in 2023, it will be the coolest thing on four wheels ever commercialised, providing unlimited freedom of travel,’ he added.

But how much will these cars set you back, I hear you ask? According to research conducted by the Pentagon Motor Group, the average vehicle could set you back an eye-watering £535,831.

AeroMobilAeroMobil

This calculation includes the price of the car itself, the insurance, the flying licence needed to fly it, storage and parking costs, as well as fuel.

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If you thought your current car insurance was bad, the insurance on a flying car could cost you nearly £13,000 a year.

Ouch.

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Niamh Shackleton

Niamh Shackleton is a pint sized person and journalist at UNILAD. After studying Multimedia Journalism at the University of Salford, she did a year at Caters News Agency as a features writer in Birmingham before deciding that Manchester is (arguably) one of the best places in the world, and therefore moved back up north. She's also UNILAD's unofficial crazy animal lady.

Topics: Technology, no-article-matching, Now

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Pentagon Motor Group
  1. Pentagon Motor Group

    High Flyers: We’ve Calculated the Cost of Owning a Flying Car