As soon as in 2025, Apple shares hit the record, plans to build a personal driving car

On Thursday, Bloomberg News reported that Apple Inc. is pushing for the launch of its electric car as early as 2025 and recycling projects around fully self-driving capabilities, referring to people familiar with the matter. Following the report, iPhone developer shares rose nearly 3% to hit a new record. With interiors built around hand driving, Apple’s best car will not have steering wheels and pedals, the report said.

The company’s automation efforts, known as Project Titan, have continued unabated since 2014 when it first began designing the ship from scratch.

Demand for electric vehicles has increased as countries and customers have shifted to a more clean environment, pushing the market value of companies such as Tesla and Rivian farther than traditional car manufacturers around long decade.

“It’s a matter of when, not maybe,” Wedbush analyst Dan Ives said, adding that Apple’s world is projected to own its own car by 2025 as 60% to 65%.

A Bloomberg report says some people working on the project are skeptical about the timeline even with the latest improvements, which include a self-driving car system, processor chips and advanced sensors.

Apple declined to comment on the report.

Reuters reported in December that Apple was aiming for 2024 to launch a capable car with its own successful battery technology.

Meanwhile, the Information, citing a note, reported that Apple is preparing to bring employees back to the offices starting March 1 and will allow employees to work remotely for four weeks each year.

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