Henry Ford completed the development of his Ford Quadricycle on June 4, 1896. The Ford Quadricycle was Ford's first gasoline-powered automobile. Ford's first car was a simple frame with a Gas-powered engine and four bicycle wheels mounted on it. Before Ford developed his Quadricycle, cars were hand built, one by one, and were very expensive. Thus, the invention of the Quadricycle marks an important innovation that laid the foundation of the automobile industry.