Ending years of speculation, Apple on Friday officially disclosed its arrival in the self-driving car market, as the California Department of Motor Vehicles had awarded a permit for the company to start testing its self-driving car technology on public roads in the state.
The permit covers three vehicles — all 2015 Lexus RX 450h hybrid SUVs — and six individual drivers. California law requires people to be in a self-driving car who can take control if something goes wrong.
Like others, Apple believes self-driving cars could ease congestion, prevent millions of crashes and save thousands of lives annually in traffic accidents often caused by drunk or distracted motorists.
Apple will be vying against 29 other companies that already have California permits to test self-driving cars. The list includes major automakers, including Ford, General Motors, BMW, Volkswagen and Tesla, as well as one of its biggest rivals in technology, Google, whose testing of self-driving cars has been spun off into an affiliate called Waymo.
Since Google began its work on self-driving vehicles eight years ago, Waymo’s fleet of self-driving cars has logged more than 2 million miles on the road.
That means Apple has a long way to catch up in self-driving technology. But it has often been a follower in markets that it eventually revolutionised. It wasn’t the first to introduce a digital music player, smartphone, or tablet before its iPod, iPhone and iPad came out.
With $246 billion in cash, Apple also could easily afford to buy technology that accelerates its development of self-driving cars. There has been recurring speculation that Apple might eventually acquire Tesla, which has a market value of about $50 billion. Neither Apple nor Tesla has given any inkling that they’re interested in joining forces, though.
Speculation about Apple’s interest in expanding into automobiles began swirling in 2015 amid media reports that the company had begun secretly working on building its own electric car under the name project “Titan.” Apple never confirmed the existence of Titan, which is now believed to be dead.
Culled from abcnews