Flying cars may seem like a distant sci-fi dream, but Japan is funding projects to get the mode of transport commercialised by 2023.
Tokyo-based company SkyDrive Inc. is working on developing flying electric cars that can take off and land seamlessly (eVTOL), and CEO Tomohiro Fukuzawa believes that by the year 2050 people will be able to fly to any district in 10 minutes. This may sound ambitious, but it follows increasing momentum around the technology as well as the backing of the Japanese government.
Analysts at Morgan Stanley see huge potential in flying car technology and they predict that the flying car sector could be worth $1.5 trillion by 2040.
