According to Bloomberg News on Tuesday, which cited people with knowledge of the situation, Apple Inc. has delayed the target delivery date for its upcoming electric vehicle to 2026 and dialed back its ambitious self-driving aspirations.
Shares of the iPhone manufacturer dropped 2.4% as a result of the news.
Since the business initially began to design a vehicle from scratch in 2014, its automotive efforts, known as Project Titan, have advanced unevenly.
According to the people who spoke to Bloomberg, Apple is now considering a less ambitious design that will still have a steering wheel and pedals but will only support fully autonomous driving on highways.
According to the article, the company intends to create a car that would allow drivers to perform other chores while on the motorway and receive an alarm with enough time to revert to manual control.
A Bloomberg article from the previous year claimed that Apple was trying to debut an electric car as early as 2025 and had refocused the project to include fully autonomous driving capabilities.
The following was stated in the report: “Apple’s dream automobile would have no steering wheel and pedals, with interiors designed around hands-off driving.”
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