This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

The “Back To The Future” film franchise has captivated sci-fi geeks since the late 1980s, and gave the DeLorean DMC-12 instant fame for its futuristic looks. And now, it looks like DeLorean will be leaping into the future once again. On Monday, DeLorean Aerospace formally launched the DR-7, a proposed two-seat vertical takeoff and landing (VTOL) personal air transport vehicle.

As reported by AVweb, the brains behind the project is none other than Paul DeLorean, the nephew of the original car creator, who serves as the CEO and chief designer of the company. As far-fetched as the concept sounds, the emergence of new lightweight materials, increased and more efficient batteries and sophisticated computer software powering autonomous cars means that it isn’t entirely unrealistic. What will be interesting, however, is how they’ll be regulated in terms of air traffic control and certification.

The company plans to conduct testing in an empty stretch of the California desert, similar to how other companies have tested Hyperloop systems. “We are moving forward on a full-size, piloted prototype which will carry two passengers and is designed to operate, fully electric, for a range of 120 miles,” DeLorean told Wired.

DeLorean

Under DeLorean’s lead, experts have told Wired that it may only be five to 15 years until we see VTOLs flying across the sky. “The design really solves a lot of major transportation problems and inefficiencies, such as deteriorating infrastructure, pollution, and road congestion,” DeLorean says.

A small player in the field, DeLorean joins Uber, Airbus and Google in pushing consumer-friendly VTOLs and autonomous cars as the future of urban transportation. The DR-7 will have foldable wings and will be around 20 feet long, meaning that it’ll be able to fit into a typical home garage. At a cost of about $250,000 to $300,000, the DR-7 will fly up to 120 miles on a single charge (Airbus’ Vahana is aiming for 50) based on its aerodynamics.

Featured Image Courtesy of DeLorean Aerospace.

American Express® Gold Card

With some great bonus categories, the American Express Gold Card has a lot going for it. The card offers 4x points at US restaurants, at US supermarkets (up to $25,000; then 1x), and 3x points on flights booked directly with airlines or through amextravel.com. It is currently offering a welcome bonus of 35,000 bonus points after you spend $2,000 in the first three months.

Apply Now
More Things to Know
  • Earn 35,000 Membership Rewards® Points after you spend $2,000 on eligible purchases with your new Card within the first 3 months.
  • Earn 4X Membership Rewards® points at U.S. restaurants. Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • Earn up to $10 in statement credits monthly when you pay with The Gold Card at Grubhub, Seamless, The Cheesecake Factory, Shake Shack, and Ruth's Chris Steak House. This is an annual savings of up to $120. Enrollment required.
  • $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
  • Choose to carry a balance with interest on eligible charges of $100 or more.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms apply.
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
See Rates & Fees
Annual Fee
$250
Balance Transfer Fee
See Terms
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.