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Home BUSINESS

Apple Plans to Launch Self-driving Electric Cars by 2028, Reports Bloomberg

Michael Juanico by Michael Juanico
January 25, 2024
in BUSINESS, CRYPTO, FINANCE
Reading Time: 2 mins read
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  • After years of delays, Apple has set a new 2028 target release date for its long-awaited electric vehicle
  • Originally aiming to produce a fully autonomous vehicle, Apple has scaled back plans to instead focus on an electric car with some self-driving capabilities
  • Faced with technical challenges, Apple has pivoted from the ambitious original goal of a driverless car to a more achievable electric vehicle launch in 2028

After years of delays and setbacks, Apple has set a new target date of 2028 for the release of its long-awaited electric vehicle. Originally envisioned as a fully autonomous car, Apple has scaled back plans to instead focus on releasing an electric vehicle with limited self-driving capabilities.

JUST IN: Apple plans to launch self-driving electric cars by 2028, reports Bloomberg

Will it have Windows in it?

— BlockNews.com (@blocknewsdotcom) January 23, 2024

The Bumpy Road to Production

Apple first began developing its secretive “Project Titan” back in 2015, aiming to design and produce a Tesla competitor focused on self-driving technology. However, the ambitious project was plagued by leadership changes, layoffs, and multiple pauses in production over the years. Reports indicate Apple has struggled to perfect the autonomous driving functionality it originally envisioned.

Pivoting to an Electric Vehicle

Faced with mounting technical challenges and missed deadlines, Apple has pivoted to developing an electric vehicle with limited self-driving capabilities, which can be realistically delivered by 2028. Though less ambitious than the initial driverless car concept, an Apple-branded EV could still shake up the electric vehicle marketplace.

Cautious Optimism for 2028 Launch

While Apple has yet to officially comment on the 2028 target launch date, there seems to be cautious optimism that the tech giant can finally bring its electric car dreams to fruition. However, given the fits and starts that have characterized Project Titan so far, many are taking a wait-and-see approach regarding Apple’s shifted electric vehicle ambitions.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: applecryptoElectric Cars
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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