The best bet for hovercars is to use superconducting materials. These magnetically levitate but keep things stable, look at http://www.youtube.com/watch?v=nWTSzBWEsms to see one. If you try levitating a normal magnet above another magnet then it’ll just kinda fall off because it isn’t stable. Superconductors change their magnetic fields as they move and are kind of like self-adjusting so they remain stable. It’s currently used to levitate very fast trains in japan (but only a little way off the ground). There’s one huge drawback – they need to be very very cold to work at the moment. But we’re working on finding materials that work at room temperature. Then we might be able to levitate things very high in a controlled way… who knows!
I’m not sure – in the 60’s people thought that by now we would have hoverplanes and our own spaceships! Hovercraft are quite difficult to manoeuvre which is potentially a problem. I’m not sure how much power they need either!
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