Apple has scaled back ambitious self-driving plans for its upcoming electric car, pushing back the car’s launch to 2026. This was reported by Bloomberg News on Tuesday, citing people with knowledge of the matter.
Shares of the iPhone maker fell 2.4 percent after the report.
Known as Project Titan, the company’s automotive efforts have been bumpy since 2014, when it first began designing a car from scratch.
Tim Cook-led Apple is currently planning a less ambitious design that would include a steering wheel and pedals and support fully autonomous capabilities only on highways, the people told Bloomberg.
The report added that the company plans to develop a vehicle that would allow drivers to perform other tasks on the highway and give them enough time to switch to manual control.
Last year, a Bloomberg report said that Apple is aiming to have its electric car in production as early as 2025, and is focusing the project on fully self-driving capabilities.
According to the report, Apple’s ideal car would have no steering wheel and no pedals, with an interior designed for hands-on driving.
The company did not immediately respond to Reuters’ request for comment.
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