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Apple Poured $1B A Year Into Its Car Project Before Abandoning It. Tim Cook's Company Now Pulls Plug On Autonomous Vehicle Testing Permit In California: Here's More

Apple Inc. (NASDAQ:AAPL) has terminated its self-driving vehicle testing permit in California. The decision follows the company’s earlier abandonment of its electric vehicle project. What Happened: The California Department of Motor Vehicles (DMV) confirmed that Apple requested the cancellation on Sept. 25, with the permit officially ending on Sept. 27, according to macReports. This move aligns with previous reports by Bloomberg’s Mark Gurman, indicating Apple’s retreat from the electric vehicle

This move aligns with previous reports by Bloomberg’s Mark Gurman, indicating Apple’s retreat from the electric vehicle market after a decade-long effort. Despite investing $1 billion annually, the project faced numerous challenges, including leadership indecision and technical hurdles, ultimately leading to its cancellation in February. Tesla CEO Elon Musk has expressed confidence in deploying full self-driving technology by 2025, although regulatory hurdles remain a significant challenge.

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