May 7, 2013 - Terrafugia, whose Transition roadable airplane is still in development, announced plans for a four-place, VTOL, plug-in hybrid-electric flying car concept called the TF-X. The company said the vehicle will incorporate state-of-the-art intelligence systems and fly-by-wire controls to further increase the level of safety, simplicity, and convenience of personal aviation.
"This is the right time for us to begin thinking about the future of the company beyond Transition development," said CEO/CTO Carl Dietrich. "We are passionate about continuing to lead the creation of a flying car industry and are dedicating resources to lay the foundations for our vision of personal transportation."
Key features of the Terrafugia TF-X concept include twin 600-hp electric motor pods with 16 separate motors per pod for safety, and a 300-hp rear-mounted pusher engine that would not only power the craft during cruise speeds but also recharge the battery. Additionally, Terrafugia wants the TF-X to take off and land itself without a runway.
The company is now having preliminary conversations with the FAA regarding TF-X development.