NY Governor Hochul has pulled a proposal that would have allowed for commercial robotaxi services outside NY City, Bloomberg reports
Newsquawk Staff ·
NY Governor Hochul has pulled a proposal that would have allowed for commercial robotaxi services outside NY City, Bloomberg reports.
What it means
Governor Hochul's decision to withdraw the robotaxi proposal indicates a setback for autonomous vehicle expansion in New York, which could stifle innovation and investment in the sector, particularly impacting companies like Tesla and Google. This move is significant as it may reshape regulatory expectations and could lead to further delays in the adoption of autonomous services, influencing market sentiment around related equities.
Sources
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