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The biggest flops and fizzles in 2024 transportation, from Apple Car to Fisker


Published on 2024-12-24 00:21:57 - TechCrunch
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  • Autonomous vehicle technology and electrification startups were once the darlings of the VC and corporate world. The two technologies promised billions of

The article from TechCrunch, published on December 22, 2024, discusses the notable failures and disappointments in the transportation sector throughout the year. It highlights Apple's long-rumored but ultimately abandoned car project, which was officially canceled after years of speculation and investment, marking a significant retreat from the automotive industry for the tech giant. Fisker, an electric vehicle startup, also faced severe challenges, with its ambitious plans fizzling out due to production delays, financial troubles, and failure to meet market expectations. Other notable mentions include the struggles of electric vertical takeoff and landing (eVTOL) companies, which promised urban air mobility but encountered regulatory hurdles, technical issues, and funding shortages. Additionally, the article touches on the broader industry trends, such as the slowdown in EV adoption rates, the impact of economic conditions on automotive startups, and the general market's cautious approach towards new transportation technologies.

Read the Full TechCrunch Article at:
[ https://techcrunch.com/2024/12/22/the-biggest-flops-and-fizzles-in-2024-transportation-from-apple-car-to-fisker/ ]