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He proposed a $300m government prize to whoever develops a car battery that far surpasses current batteries.
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He is now developing a car and limousine service there.
The firm has been keen on developing a car for a long time.
"So after years of torture, I decided to develop a car detector with the indication outside".
So has Telco, an Indian company that is part of the large Tata Group, which is developing a car line.
Apple still might also develop a car, Bloomberg reported, but it could establish partnerships with established car companies to realize its vision for the future of driving.
Developing a car without taking it out on the real roadways would be "like trying to judge a suit without trying it on," he said.
The Danish audio stylist Bang & Olufsen, for example, spent about three years developing a car audio system for the 2005 Audi A8.
The French automaker Renault is spending $600 million over three years to develop a car with swappable batteries, to be released in 2011.
Meanwhile GM is using its South Korean subsidiary, Daewoo, to develop a car which it hopes will be even cheaper than the EFC.
Volkswagen, for example, has developed a car called the Golf Plus that has higher seats and more space than the standard model.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com