A flying car proto-type. (WBZ-AM file)

Production of the world’s first “flying car” will be taking off from Massachusetts.

Terrafugia Inc. announced Wednesday that it plans to begin low-volume production of the company’s Transition Roadable Aircraft at 19,000-square-foot facility in Woburn.

The company – which is headquartered in Woburn – said it considered several other locations around the U.S. and the world for initial production, which could begin by late next year.

Terrafugia says plans for long-term high volume production have yet to be determined.

The car-plane has wings that unfold for flying and fold back up for driving on normal roadways.

The vehicle is expected to cost between $200,000 and $250,000.

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