Apple Begin Production of Electric Vehicle in 2020

Apple is aiming to begin production of an electric vehicle by as early as 2020, according to Bloomberg. Apple's aggressive timeline will enable the company to compete with other other electric vehicles offered by GM and Tesla in 2017.

Apple Inc., which has been working secretly on a car, is pushing its team to begin production of an electric vehicle as early as 2020, people with knowledge of the matter said.

The timeframe -- automakers typically spend five to seven years developing a car -- underscores the project’s aggressive goals and could set the stage for a battle for customers with Tesla Motors Inc. and General Motors Co., both of which are targeting a 2017 release of an electric vehicle that can go more than 200 miles on a single charge and cost less than $40,000
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