“It Makes No Sense”: Apple Scraps Plans to Enter Failing EV Market

In what is undoubtedly another ominous sign for the electric vehicle industry, Apple has announced it is scrapping its plan to build an electric vehicle. The company has spent a decade, and billions of dollars pursuing an EV to compete with Tesla, and current market trends regarding the EV industry have led them to abandon any plan to enter the flailing segment.

Reportedly, Apple scrapped the ven...

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