Watch out, Marty McFly: The Delorean time machine isn't going to be the only flying car around for long. Terrafugia, a Massachusetts-based manufacturer, has gotten the go-ahead to take its flying car -- called the Transition -- onto the road. Next stop: the sky.
The Transition needs 1,700 feet to be able to make it into the air. Your standard license won't be enough to operate this bad boy, though: You'll need a light sport plane pilot license (at minimum) to be able to fly it.
The flying car operates on regular ol' unleaded gas. It has a steering wheel as well as a telescopic stick and special rubber peddles surrounding the standard gas and brake controls.
Terrafugia expects to have the Transition on the market by the end of 2011, with a hefty pricetag of $194,000. The company tells CBS News about 40 people have already paid a $10,000 deposit to reserve their flying cars.
