New 2024 Apple Electric Car: Official Price, Release Date & Full Specs! It’s becoming increasingly plausible that an Apple (NASDAQ: AAPL) electric automobile (perhaps dubbed an “iCar”) will go into production in 2024 or shortly afterward. It would have been an iPhone moment (a watershed event) for the electric car business, particularly in the United States. Increased EV sales would increase demand for batteries and EV metals.
With more than 1 billion active iPhones and 1.65 billion Apple products in use worldwide, Apple has an extremely devoted fan following. In addition to 194 million iPhones, 71 million iPads, 20 million Macs and MacBooks, 110 million AirPods, and 43 million Apple Watches, Apple sold 194 million iPhones in 2020. Over 40 million people subscribe to Apple TV+, compared to 72 million for Apple Music.
When will the 2024 Apple Electric Car Launch and how to get it? Apple said the new operating system will be available starting September 12, days before the September 16 Release of the New Apple Electric Car while the Apple Electric Car arrives on September 23 in 2024.
Apple would sell 16.5 million electric vehicles annually (for many years), or around 20% of the approximately 80 million automobiles sold worldwide each year, if only 1% of their “products” base, or 1.65 billion Apple devices worldwide, were used to purchase an Apple electric vehicle. In a different light, Apple would sell 19.4 million automobiles annually if it just sold 10% as many cars as it does iPhones.
How will the Automobile Appear?
Apple has been developing its car for a while, but the company hasn’t decided on a design. The term “pre-prototype” still applies to it. The Cupertino tech giant plans to complete the four-wheeler’s design in 2019. By the end of 2024, its feature list will be finalized, and testing will start in 2025.
How Much Does Apple Car Cost USA 2024?
Apple Car Prices in the USA are north of $100,000, using premium titanium materials in their designs. The Apple Car initiative could be called Project Titan as the team from Cupertino plans to use a lot of premium titanium material in the design of the car, a famous leaker reported. read more – 2024 BMW 5 Series
| Country Name | Price |
| 2024 Apple Car Price in USA | $100,000 |
| 2024 Apple Car Price in UK | £79,842 |
| 2024 Apple Car Price in Canada | CAD135,936 |
Apple Electric Car 2024 Project
The Apple electric car project, often known as “Titan,” is an electric vehicle initiative being worked on by Apple Inc. 5,000 personnel were said to be working on the project as of 2018, however, Apple has yet to publicly address any of its self-driving research.
A self-driving staff shuttle van based on the T6 Transporter commercial vehicle chassis was purportedly produced by Apple and Volkswagen in May 2018. According to a December 2020 story from Reuters, Apple was considering a 2024 debut date. But analyst Ming-Chi Kuo said it wouldn’t happen until 2025 and might not happen until 2028 or later.
The goal of Apple’s vehicle project was to create an autonomous vehicle.
- A self-driving Apple automobile aimed at customers is being developed by hundreds of company employees.
- The actual automobile project is still in progress.
- Expected iOS integration at depth.
- The DMV has issued a permit for autonomous testing.
- software being tried for self-driving.
According to reports, Apple is also developing a self-driving shuttle service known as “PAIL,” which stands for “Palo Alto to Infinite Loop.” Employees will be transported between Apple’s offices in Silicon Valley via the shuttle program. In a collaboration with Volkswagen, Apple will put its self-driving software in T6 Transporter vehicles that will be used as staff shuttles.
If Apple Introduced an Electric Automobile, who Would Benefit and Lose?
- Apple (assuming they can make a success of the iCar and boost profits).
- electric vehicle producers. Probably Magna or Foxconn. Magna would be my prediction given their expertise in producing automobiles, particularly electric vehicles. Magna will also help Apple if it is selected – Recently, LG Electronics established a joint venture to provide essential elements of the electric vehicle drivetrain. Such as electric motors, inverters, onboard chargers, and, for certain automakers, associated e-drive systems. Alternatively, Hyundai/Kia (OTC: KIMTF) is a viable option. Canoo, a provider of electric platforms, is a solid long shot.
- providers of electric vehicles, particularly batteries. Most likely, BYD Co. or CATL is the battery provider. Since BYD wants the batteries for their EVs, I’d hazard a bet that CATL.
- If Apple chooses to use a lithium iron phosphate (LFP) chemistry, the lithium miners would likely be the greatest winners. Additionally, miners of graphite and rare earth minerals may prosper. the copper miners to a lesser extent.
- Due to increased competition, other automakers like Tesla risk losing market share.
Some Concerns:
- Apple might opt to do nothing or merely offer in-car services or autonomous driving software.
- Apple may choose to go it alone and design and produce everything, including batteries, in-house. This would be a long journey and is implausible.
- Apple may not build a vehicle, but rather an autonomous Apple shuttle.
- Business dangers (EV production risks, funding, management, currency, sovereign risk).
- Stock market dangers (sentiment, dilution). Apple is extremely wealthy and hence can fund an iCar project or an acquisition. Many investors are concerned that Apple’s entry into the vehicle business may reduce its net profit margins.
Apple Electric Car 2024 Full Summary
In a different light, Apple would sell 19.4 million automobiles annually if it just sold 10% as many cars as it does iPhones. There is undoubtedly a huge possibility for Apple here. Over the following ten years, scaling up production to these levels would be extremely difficult.
It is more plausible that Apple will soon reveal some kind of electric car given that the company is now in talks with two of the top LFP battery manufacturers, BYD and CATL. By 2024, if reports are true, we could be able to buy an Apple electric vehicle. For EVs, this would be a big publicity boost and triumph.
My best prediction is that Apple will collaborate with either Foxconn or Magna International for contract production in the US, and BYD or CATL (I assume CATL) for batteries (I guess Magna). Although Hyundai has rejected the concept, Hyundai/Kia is another option.
In advance of an announcement, investors have the option to acquire Apple Electric Car 2024 shares or any of the possible suppliers (such as the major battery producers and EV metal miners). My opinion is that everyone participating in an Apple automobile can prosper. Especially, given the likelihood of Apple Electric Car 2024 success and the enormous and devoted consumer base they have.
Simply purchasing Apple shares today and sitting on them for ten years is perhaps the easiest and safest way to flourish. Additionally, it’s feasible that Apple may make a completely unexpected move. Such as acquiring Lucid Motors (CCIV), purchasing Canoo, working with a lesser-known Chinese contract manufacturer, or doing it alone without employing a contract manufacturer or battery maker. Read the hazards section carefully.
