Flying cars could be commercially available in 2024: CEO of tech company
Flying cars could be commercially available in 2024, but regulations to handle the new form of air traffic will be a concern, according to the CEO of a tech company.
Hugh Martin of Lacuna Technologies, who helps cities create transportation policies, said there is a difference between when cars can fly and when they will be safe and reliable to navigate the skies.
“Depending on who you talk to, I think  could be a period of time, ”he told CNBC’s“ Squawk Box Asia ”Tuesday.
A number of car manufacturers have developed aerial vehicles. They include Chinese electric car maker Xpeng and Fiat Chrysler.
Some people will be able to afford flying cars, but most will likely continue to travel on the road in electric vehicles or self-driving cars, he said.
Vehicles that don’t have to take off from the ground can be safer and can carry more people, he said.
“Where I think they have… one application though, is freight and parcel transportation,” Martin said. “I think it’s going to be a really big deal.”
Cities are “more and more concerned” about the management of flying car traffic in the futureMartin added.
Rules could include where vehicles will be allowed to take off, land or travel, whether they can fly at any time or only during allotted hours, and how far apart the cars must be.
“It’s going to take a long time to figure out,” he said.
In the United States, he said the Federal Aviation Administration and NASA are working with suppliers of drones and air taxis to determine what air traffic will look like in the future.
“Instead of having one airport per big city, you have… now thousands of airports scattered around the city,” he added.
– CNBC’s Arjun Kharpal and Michael Wayland contributed to this report.