Just to be clear, the VTOL in this article appears to be a light-sport aircraft (LSA) with a canard wing configuration. I assume it can glide like a normal LSA, though I won't swear to it. It is not an oversized quad-copter.

That said, if it is an LSA, at least in the US, it would have to meet the normal LSA or E-LSA regulations. Including the service schedule, which is less onerous and non-LSA general aviation, but still far more than a car.