Recent speculation claimed that the company is working on the design of an electric car. The tech giant has reportedly invested human and financial resources to start the project.
According to sources cited by Bloomberg, Apple is seeking to start production of its electric car by 2020.
The report adds that Cupertino wants to enter the market as Tesla and General Motors plan to launch their electric vehicles by 2017.
Bloomberg also reports that a team of 200 people is expected to contribute to the project.
The Wall Street Journal recently revealed that Apple’s secret electric car project dubbed “Titan” was focused on a vehicle resembling a minivan.