World's first car that can fly and drive will be unveiled in Miami at a cost of ...

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It has been over century in the making, but the world's first 'fly and drive car' is set to make its US debut Tuesday night in Miami, Florida.

Called Pioneer Personal Air Landing Vehicle, or PAL-V, this flying vehicle is equipped with retractable overhead and rear propellers  and can cruise at an altitude as high as 12,500 feet.

It uses automobile gasoline and tops speeds of 200 miles per hour in the air and 100 mile per hour on the ground.

The Dutch-made machine is already in production and is selling for $599,000 with 70 pre-orders to-date.

PAL-V will go on display at an event entitled: 'Miami 2020 and Beyond'.

The flying car seats two people has 230hp and a four-cylinder engine.

The two-seater vehicle converts from a three-wheeled car to a gyrocopter in just 10 minutes, and can go from 0 to 60 mph in under eight seconds.

Maxim magazine selected PAL-V in 2017 as the most likely company to deliver a 'real' flying car and two years later that prediction has come true.

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It has been over century in the making, but the world's first 'fly and drive car' is set to make its US debut Tuesday night, December 3rd, in Miami, Florida. (Pictured is the vehicle at the 89th Geneva International Motor Show in Geneva, Switzerland in March 2019)

It has been over century in the making, but the world's first 'fly and drive car' is set to make its US debut Tuesday night, December 3rd, in Miami, Florida. (Pictured is the vehicle at the 89th Geneva International Motor Show in Geneva, Switzerland in March 2019)

Robert Dingemanse, CEO of PAL-V announced in an earlier statement that 'After years of hard work, beating the technical and qualification challenges, our team succeeded in creating an innovative flying car that complies with existing safety standards, determined by regulatory bodies around the world.'

'While other flying car manufacturers' concepts require modified regulations and in many cases not yet existing technologies, PAL-V deliberately chose to engineer, design and build a flying car with proven technologies and fully compliant with existing regulations.'

It is made of carbon fiber, titanium, and aluminium and weighs 1,500 pounds, and requires a 540 feet runway for take-off and just 100 feet for landing.

The craft is fitted with a similar handling system to that of a motorbike, which relies on the driver tilting the vehicle with a control stick both on the ground and in the air.

'Flying cars have been in movies many, many times and they will be available next year,' Dingemanse told The Associated Press.

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