Will Apple Give Tesla a Run For Its Money in the EV Market?
Will Apple give Tesla a run for its EV money? That’s the question on many people’s minds. The tech giant has been working on electric vehicles for many years. Its first electric vehicle was the EV1, which was introduced in the 1990s. It was followed by the Volt plug-in hybrid and all-electric Chevrolet Bolt. It has also made announcements about an all-electric SUV and a new sedan called the Roadster.
The rumors are swirling around a new EV. But Apple isn’t just working on an electric vehicle; it’s also working on fully autonomous capabilities. Apple is working on a monocell battery design that could drastically lower the cost of battery packs and increase driving range. That sounds like a similar approach to Apple’s first iPhone design. If it works, Apple may be able to give Tesla a run for its money in the EV market.
If Apple does develop an EV, it will not be a commercial or robotaxi, but a mass-market personal model. It may not have lidar sensors, which are already in Apple’s iPhone 12 Pro and iPad Pro. That’s a big “if,” but there’s no guarantee. So how soon will it hit the market? We’ll probably find out soon enough, so stay tuned.
In the meantime, it will be interesting to see how the company manages to replicate its growth in the coming years. Then, they may run into problems replicating their growth. After all, they’re trying to increase sales 50 percent annually for several years. And in the third quarter, the tech giant acknowledged that it had trouble getting parts and chips. A shaky supply chain could make it difficult for the EV maker to maintain a steady growth rate.