Flying automobiles might be commercially obtainable in 2024, however laws for managing the brand new type of air site visitors will probably be a priority, in response to the chief government officer of a tech firm.

Hugh Martin of Lacuna Applied sciences, which helps cities create transportation insurance policies, stated there is a distinction between when automobiles can fly and when they are going to be secure and dependable for navigating the skies.

“Relying on who you discuss to, I feel [2024] might be a time interval,” he advised CNBC’s “Squawk Field Asia” on Tuesday.

Quite a few auto corporations have been creating aerial autos. They embrace Chinese language electrical automotive maker Xpeng and Fiat Chrysler.

Some folks will have the ability to afford flying automobiles, however most will seemingly nonetheless journey on the highway in electrical autos or self-driving automobiles, he identified.

Autos that do not have to elevate off the bottom might be safer and are capable of carry extra folks, he stated.

“The place I feel they do have … an software although, is carrying the freight and packages,” Martin stated. “I feel that is going to be a really large deal.”

Cities are getting “more and more involved” about methods to handle site visitors for flying automobiles in future, Martin added.

Guidelines might embrace the place the autos will probably be allowed to take off, land or journey, whether or not they can fly at any time or solely throughout allotted hours, and the way far aside the automobiles should be from one another.

“That is going to take a very long time to get discovered,” he stated.

Within the U.S., he stated the Federal Aviation Administration and NASA are working with drone and air taxi suppliers to think about what air site visitors will appear to be in future.

“As a substitute of getting one airport per main metropolis, you have … now obtained hundreds of airports scattered across the metropolis,” he added.

— CNBC’s Arjun Kharpal and Michael Wayland contributed to this report.