CNet reports on an MIT project that might soon provide us with a commercially available flying SUV.  The folding wings they propose are not terribly new, the technology has been fully tested on fighter jets.  Even better they are hoping to get a vehicle that get 30 miles a gallon in the air, and about 30-40 miles per gallon on the ground.  It will carry just over 400 pounds, and hit 120 miles per hour in the air.

“Terrafugia, a start-up created by Lemelson-MIT Student Prize winner Carl Dietrich and colleagues at MIT’s Department of Aeronautics and Astronautics, is aiming to show off what it calls the Transition “personal air vehicle,” an SUV with retractable wings, to the EAA AirVenture Conference in Oshkosh, Wis., at the end of July.

The Transition is designed for 100- to 500-mile jumps. It will carry two people and luggage on a single tank of premium unleaded gas. It will also come with an electric calculator (to help fine-tune weight distribution), airbags, aerodynamic bumpers and of course a GPS (Global Positioning System) navigation unit.”

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