Tech giant Apple has reportedly decided to abandon its decade-long effort to develop an electric vehicle, marking a significant shift in the company's long-term strategy. According to internal sources cited by major news outlets, the initiative known as Project Titan is being wound down, with many employees from the automotive division expected to be reassigned to the company’s generative artificial intelligence department. While Apple has not officially confirmed the move, industry analysts suggest the decision reflects the growing complexity of the EV market and the rapid acceleration of AI technology. Market observers note that pivoting to AI allows Apple to focus on high-margin software and hardware integration, though some critics point to the loss of a decade's worth of research and development in the transportation sector. The move comes as the global automotive industry faces cooling demand and increased competition from established manufacturers and emerging low-cost competitors.
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