Updated Jan 09, 2021 | 10:27 IST
Although Apple may be flush with cash, the journey from concept to market dominance is unlikely to be a smooth one given the push from incumbent carmakers in the EV space. Apple is hoping to enter the electric vehicle space by 2024. | Photo Credit: PTI
Key Highlights The Apple Car project began in 2014 and has since witnessed a series of crests and troughs over the course of its short EV journey
The company boasts a wealth of technical and engineering experience but is likely to face significant supply chain challenges
Several sources have stated that Apple is likely to bring in a manufacturing partner to build its vehicles and Hyundai s announcement indicates that it may very well be in the running