Apple's electric car could debut as soon as 2025 

The iPhone maker's shares rose nearly 3% to hit a new record following the report.Apple's ideal car would have no steering wheel and pedals, with inte
...
Apple is reportedly going to finalise a deal with Hyundai to build its own electric car. (Photo courtesy: YouTube)
Apple is reportedly going to finalise a deal with Hyundai to build its own electric car. (Photo courtesy: YouTube)

Apple Inc is pushing to launch its electric car as early as 2025 and refocusing the project around full self-driving capabilities, Bloomberg News reported on Thursday, citing people familiar with the matter.

The iPhone maker's shares rose nearly 3% to hit a new record following the report.

Apple's ideal car would have no steering wheel and pedals, with interiors designed around hands-off driving, the report said.

Also check these Cars

Find more Cars
Hyundai Kona Electric 2024 (HT Auto photo)
UPCOMING
BatteryCapacity Icon64.8 kWh Range Icon418 Km
₹ 25 Lakhs
Alert Me When Launched
Hyundai Kona Electric (HT Auto photo)
BatteryCapacity Icon39.2 kWh Range Icon452 km
₹ 23.79 Lakhs
Compare
View Offers
Vayve Mobility Eva (HT Auto photo)
UPCOMING
BatteryCapacity Icon14 Kwh Range Icon250 km
₹ 7 Lakhs
Alert Me When Launched
Mg Zs Ev (HT Auto photo)
BatteryCapacity Icon50.3 kWh Range Icon419 Km
₹ 21 Lakhs
Compare
View Offers
Mg Erx5 (HT Auto photo)
UPCOMING
BatteryCapacity Icon48.3 kWh Range Icon425 Km
₹ 25 Lakhs
Alert Me When Launched
Hyundai Creta (HT Auto photo)
Engine Icon1497 cc FuelType IconMultiple
₹ 11 Lakhs
Compare
View Offers

The company's automotive efforts, known as Project Titan, have proceeded unevenly since 2014 when it first started to design a vehicle from scratch.

Demand for electric vehicles has surged as countries and customers turn more environment conscious, propelling the market value of companies such as Tesla and Rivian far above traditional carmakers around for decades longer.

"It's a matter of when, not if," Wedbush analyst Dan Ives said, adding that chances of Apple unveiling its own standalone car by 2025 as 60% to 65%.

The Bloomberg report said some people working on the project were skeptical about the timeline even with recent progress, which includes the car's underlying self-driving system, processor chips and advanced sensors.

Apple declined to comment on the report.

Reuters had reported in December that Apple was targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology.

Meanwhile, The Information, citing a memo, reported that Apple was preparing to bring back employees to offices starting Feb. 1 and will let staff work for up to four weeks remotely each year.

Check out Upcoming Cars in India 2024, Best SUVs in India.

First Published Date: 19 Nov 2021, 13:00 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.