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Is it a car? Is it a boat? Well, yes

The amphibious car remains elusive, hindered by regulatory red tape, startup costs and the inescapable question as to why such a car is even needed.

Gibbs Technology, the New Zealand-based builder of the amphibious Phibian, designs their boat to hit 40 mph on the water and 100 mph on the street.

Click here for a video report by The Wall Street Journal.

The city of Boston is well known for its use of duck boats for tours of the city. Click here for Boston Magazine’s take on the vessel/vehicle.