Apple downsizing, delays its autonomous car plans: report

Apple Inc. has scaled back its plans for self-driving electric vehicles and delayed the target date until 2026, according to a new report.

Bloomberg News on Tuesday reported Apple’s Project Titan has been in limbo at the tech giant in recent months, upon realizing that its ambitious self-driving car plan isn’t currently technologically viable.

Citing sources with knowledge of the matter, Bloomberg says the project is being reworked to include a steering wheel and pedals, as well as the ability to drive itself only on highways. In the past, Apple has sought to build a car with “Level 5” autonomy, Bloomberg said, referring to a high level of autonomy that no other automaker has yet been able to achieve.

Apple’s plans for self-driving electric vehicles have been rumored for years, and the scope of the project has changed several times. In early 2021, it was reported that Apple was partnering with South Korean automaker Hyundai Motor Co.

to build an Apple-branded carand later that year Bloomberg reported Apple is speeding up the car development process.

apple stock

down about 20% year-to-date, compared to a 17% drop for the Dow Jones Industrial Average
of which it is a component.


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