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Flying Car -- just like the Jetsons -- gets green light from FAA (VIDEO)

Flying Car? Yes, this Flying Car is for real. The Terrafugia Transistion has been approved by the FAA. It can soon be yours for just under $200,000.

Flying car Terrafugia Transistion, shown here, has just been approved by the FAA. It can soon be yours for a mere $194,000.

Newscom/File

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Flying-car enthusiasts are justified in their pessimism: For the past hundred years or so, they've repeatedly been promised that a future with a personal aircraft in every garage is just around the corner, only to have their high-flying dreams cruelly smacked down with words like "safety" and "physics."

But now, after so many years of empty promises and false hopes...here are some more: The Federal Aviation Administration has finally given approval to the Terrafugia's Transistion, a flying car – or "roadable aircraft" as the company likes to call it – that will soon have us all living like the Jetsons. Honest.

According to Terrafugia's website, the Transition's rear propeller gives it a cruising speed of 115 m.p.h., and it's 20 gallon tank - which takes regular unleaded gas – gives it a range of 460 miles. On the ground, the vehicle's gas mileage is a not-too-shabby 30 miles per gallon. The anticipated purchase price is $194,000, just slightly more than the cost of a new iPad (the gold-plated kind).

IN PICTURES: The flying car

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