* Apple joins Tesla and Google for the race to bring self-driving technology to the market
* California DMV has given Apple permission to test autonomous cars
* Permit covers three Lexus RX hybrid cars
Last Friday, the California Department of Motor Vehicles gave Apple the green light to begin testing self-driving cars. The world’s largest tech giant now has an irrefutable share in the budding automated driving market.
Reports show Apple received permits to test three different Lexus RX 450h hybrid cars. The permit also allows for six different people to manually control the cars if need be.
The automated auto industry is coming, and it may arrive faster than you think. In fact, the Boston Consulting Group estimates there will be as many as 12 million self-driving cars on the road by 2025.
Apple now joins the ranks of Tesla and Google in developing autonomous technology, not to mention having to compete with current car makers like BMW, Ford and Audi. As Google and Tesla continuously face new roadblocks with their self-driving technology, they’re arguably more acclimated and inevitably have more experience in the field. In fact, just a few weeks ago, Tesla’s stock surpassed both GM and Ford — making it the most valuable car company in the U.S.
Apple has been notoriously quiet about its self-driving initiative, tentatively named “Project Titan.” In fact, only a few unverified details have been leaked over the years. Still, seeing as Apple has the biggest stock in the tech industry and how cars are increasingly becoming more computerized, this move makes sense.
According to Apple analyst Neil Cybart, the company intends to shy away from manufacturing and instead work on creating some sort of transportation system.