Apple Abandons Electric Car Efforts, , Reports Say.<br />Apple's electric vehicle (EV) project, known to insiders as "Project Titan," has reportedly come to an end, according to CNN. .<br />Apple's electric vehicle (EV) project, known to insiders as "Project Titan," has reportedly come to an end, according to CNN. .<br />Employees who were working on <br />the project, which has likely been in development for at least 10 years, .<br />will reportedly transfer to Apple's AI division. .<br />The tech giant is following a trend, <br />with investors’ enthusiasm for electric <br />vehicle investments waning, amid <br />the frenzy for all things AI. , Susannah Streeter, head of money and markets at U.K.-based <br />investing platform Hargreaves Lansdown, via CNN.<br />It’s vital that Apple stays one step <br />ahead in developing the tech people crave, <br />to justify its products’ high price points, <br />so fully exploring the opportunities AI <br />presents for its future ranges is essential, Susannah Streeter, head of money and markets at U.K.-based <br />investing platform Hargreaves Lansdown, via CNN.<br />While Apple never officially <br />confirmed its EV aspirations, .<br />it obtained several vehicle-related patents <br />and hired automotive executives over <br />the years, among other things.<br />In 2020, Elon Musk even said that he <br />once tried to sell Tesla to Apple. .<br />Meanwhile, iPhone manufacturer <br />Foxconn revealed plans to produce EVs, .<br />Meanwhile, iPhone manufacturer <br />Foxconn revealed plans to produce EVs, .<br />with CEO Young Liu telling CNN that the business model for such vehicles "should be reinvented."
