Tim Cook dinner argues that China tariffs will damage Apple’s previously struggling market share. Justin Sullivan/Getty Pictures

For extra than 5 years now, the rumor kicking all over Silicon Valley has been that Apple is secretly doing work on an electric autonomous auto that could strike the road in the early 2020s. The automotive rumor started to acquire some traction recently following a December Reuters report, citing nameless insider resources, mentioned the Iphone maker was actively creating in-property battery engineering for an electric powered motor vehicle aiming for a 2024 launch.

Apple still has not overtly mentioned any of these. But its CEO Tim Cook dinner type of hinted at the company’s EV exertion in a new interview with the tech journalist Kara Swisher.

“The autonomy alone is a main technologies, in my perspective. If you kind of action back, the vehicle, in a ton of methods, is a robotic. An autonomous motor vehicle is a robotic. So there is plenty of things you can do with autonomy. And we’ll see what Apple does,” Cook dinner stated for the duration of an episode of the “Sway” podcast launched Monday.

Cook declined to comment on additional specifics, such as whether or not Apple is functioning on an electric powered car or car-relevant technological innovation. But he also did not exclude the likelihood of these kinds of a project.

“We examine so lots of matters internally. Lots of of them never ever see the gentle of working day. I’m not stating that a single will not,” he stated. “We love to combine components, program, and services, and uncover the intersection details of individuals, since we feel which is the place the magic takes place. And so that’s what we enjoy to do. And we really like to have the principal technology that is around that.”

Apple develops autonomy know-how via a division known as Undertaking Titan. And its most noteworthy selecting and acquisition moves in new several years all position to the path of an EV. In 2018, Apple employed Doug Discipline, then Tesla’s head of engineering, to direct Task Titan. By the stop of that year, the section had 5,000 workforce. In 2019, Apple obtained autonomous driving startup Travel.ai as aspect of a restructuring of Venture Titan.

For each Reuter’s December report, Apple is now developing a “monocell” battery structure that could substantially lessen the expense of batteries and maximize the vehicle’s array. Quite a few mass market place-aiming EV organizations, which include Tesla, are acquiring comparable technology, hoping to reduce the value of long term EVs. (Batteries account for up to 1/3 of an EV’s total price tag.)

Having said that, some analysts assume Apple need to not hassle with the mass market place at all and instead goal for the luxury auto market place. “Apple is not likely to make a mass-current market car. It has to be a luxurious auto and most likely needs to be priced north of $100,000,” penned Bloomberg columnist Alex Webb in January. “Doing so could be the only way to maintain buyers content.”

Tim Cook Hints At Apple’s Hyped Autonomous Electric Car in Rare Interview