Motoring

Apple to wind down decade-long effort to build an electric car

Decision is a bombshell for the company, ending a multibillion-dollar effort that would have vaulted Apple into a whole new industry

The move came as a relief to investors, who sent Apple shares climbing Tuesday. Picture: Getty

Apple is cancelling a decade-long effort to build an electric car, according to people with knowledge of the matter, abandoning one of the most ambitious projects in the history of the company.

Apple made the disclosure internally Tuesday, surprising the nearly 2,000 employees working on the project, said the people, who asked not to be identified because the announcement wasn’t public. The decision was shared by Jeff Williams, chief operating officer, and Kevin Lynch, a ...