Emirati men check a Tesla vehicle during a ceremony in Dubai in February. The electric -vehicle maker recently announced the opening of a new Gulf headquarters in the United Arab Emirates.
Karim Sahib/AFP/Getty Images
"By the middle of the next decade, the cars and trucks we buy will go twice as far on a gallon of gas," Obama promised in 2013. "That means you'll have to fill up half as often; we'll all reduce carbon pollution."
Sears — the Apple of its day for disruption and innovation — sold its own car from 1908 to 1912, before ceding the market to Ford and others. According to one expert, there hasn't been a successful new entrant into the industry in nearly a century. That track record could present a challenge to Apple, which is rumored to be thinking about launching its own line of electric cars.
Strong new-vehicle retail sales figures have led analysts to predict North American production will reach 16 million units in 2013 — a mark not hit since 2002. Part of the rise is due to strong demand for pickup trucks.
Justin Sullivan/Getty Images