Apple's Electric Car Launch Postponed to 2028: Impact on Crypto Market

• Development of Apple's Self-Driving Car Stretches to 2028
• Apple's Shift Towards an Electric Vehicle
• No Response from Apple Yet
• The Hurdles in Apple Car's Production

Development of Apple's Self-Driving Car Stretches to 2028

Apple's journey to develop a self-driving car began in 2015. However, after several setbacks, the release of the electric car is now slated for 2028. Initially, there was anticipation for a 2026 release, but recent reports suggest that the earliest opportunity to see an Apple Electric Car (EV) on public roads is 2028.

Apple's Shift Towards an Electric Vehicle

Insiders on the Apple Car project reveal that the company shifted focus from an entirely self-driving car to an electric vehicle with more restricted features. Despite rumors spanning nearly a decade about Apple as a potential competitor to Tesla's self-driving vehicles, the company seems to have encountered significant roadblocks. Rather than delaying the self-driving vehicle beyond 2028, Apple has chosen to concentrate on an electric vehicle.

No Response from Apple Yet

As of now, Apple has not commented on the latest developments. However, Bloomberg reports that the new release date is two years ahead of recent predictions. The Apple Car project, one of the most eagerly anticipated and innovative endeavours in the company's history, is generating substantial buzz. Some argue that the Apple Car could be as much of a sensation, if not more, than the iPhone launch. Apple's venture into motor vehicles marks a daring leap outside its traditional tech comfort zone.

The Hurdles in Apple Car's Production

Since the inception of the code-named Titan and T172 projects in 2015, these initiatives have seen multiple transitions in leadership. In addition, numerous layoffs and production halts have contributed to the delays. It remains to be seen whether the current leadership can deliver the Apple Car to the roads within the next four years.

Edited by Jonathan Stoker