Flying car maker gets green light

Flying cars are no longer a thing of the future. In fact, you may soon be able to purchase one for the modest sum of around $250,000.

Last week, the National Highway Traffic Safety Administration (NHTSA) granted Terrafugia's Transition Roadable Aircraft several special exemptions, according to a statement from the company.

This means that once testing - including analysis and simulated crash testing - is complete and crash safety standards have been met, the company can begin delivering the unit to consumers. You can read more about Terrafugira on SmartPlanet.