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Development on flying cars seems to have gotten pretty far with many designs having foldable wings for when they go to fly although, they don't seem to have become available to the public yet despite seeming to work quite well.

What are your thoughts on this?

Actually, there's already hovering seats out there and I believe a car. Not sure about the car but positive about the seats. I don't know where I read this but in 2020 or 2015 hovering cars will be present.

The biggest issue which they would have with flying cars is the traffic.
Imagine how many people would be bombarding Air Traffic Control with all of these vehicles.

I think it would be very cool to have flying cars, plus there would be more room on the ground then!
I heard they made a hover car/tank once.. I think.

They have military helicoptors although, I'm not sure about flying tanks.