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The iPhone maker’s shares fell 2.4% following the report.
The company’s automotive efforts, known as Project Titan, have proceeded unevenly since 2014, when it first started to design a vehicle from scratch.
Apple (NASDAQ:AAPL) is now planning a less-ambitious design that will include a steering wheel and pedals and only support full autonomous capabilities on highways, the people told Bloomberg.
The report added that the company plans to develop a vehicle that lets drivers conduct other tasks on a freeway and be alerted with ample time to switch over to manual control.
Last year, a Bloomberg report said Apple was pushing to launch its electric car as early as 2025 and refocusing the project around full self-driving capabilities.
Apple’s ideal car would have no steering wheel and pedals, with interiors designed around hands-off driving, the report then said.
The company did not immediately respond to a Reuters request for comment.
