Apple is working on an electric car. That’s clear by now, judging by a huge amount of rumours, top people plucked from companies like Tesla, and other details. It’s also said to have self-driving capabilities, but Morgan Stanley analysts have a slightly different approach to most developing it. The American investment bank thinks that Apple wants to offer the cars via a subscription.
That writes Seeking Alpha, who spoke with Morgan Stanley analyst Adam Jones. He and his team believe that Apple’s electric vehicle will be fully autonomous, and that it won’t have a steering wheel and pedals either. They wouldn’t be necessary. According to the team, it is not the intention that you use it independently. It should be a ‘shared service’, with the car probably acting as a kind of small city bus. Rather, it could be comparable to public transport.
According to Vanarama Apple’s car should look something like this, based on patents.
Because the service would be designed with some form of a subscription, you do not have to buy the car. Assuming that the car would indeed go all-electric and that Apple sticks to its own high-end preferences, we can assume that the vehicles will not be cheap to make — after all, there are few affordable electric cars.
Analysts expect Apple’s use of all-electric cars to slowly increase, so it’s certainly possible that the tech company’s first vehicles will have steering wheels. The team expects that by 2050, 47% of all miles driven will be using a fully autonomous vehicle.
Source: Seeking Alpha
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