Apple abandons vehicle project after a decade, signaling EV market challenges.

Apple has abandoned its vehicle project after a decade of development, marking a grim sign for the electric vehicle (EV) market in the US, which has faced flagging demand. The tech giant's decision comes amidst a reevaluation of EV plans by car companies in response to softening demand for pure electric cars, a trend that has been global but is most pronounced in the US. This move by Apple may reflect the challenges faced by EV manufacturers in the current market conditions.

February 28, 2024
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