Apple plans to start production of an electric car by 2020, Bloomberg News reported Thursday, based on anonymous sources.

The online rumor mill about the prospect of an Apple car has gone into overdrive following news that the company has hired auto engineers and experts from an electric car battery-maker.

It’s reported that Apple has hired 200 people to work on the project.

Tesla Motors Inc. and General Motors Co. are also targeting a 2017 release of ultra-efficient electric vehicles.

Photo: 2020 Apple iMove Study by Liviu Tudoran

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