logo
US agency to ease some safety rules for self-driving vehicles

US agency to ease some safety rules for self-driving vehicles

Time of India25-04-2025

The Trump administration said on Thursday it aims to speed up deployment of
self-driving vehicles
by exempting some from certain
safety requirements
designed for human drivers and easing rules that require the reporting of safety incidents.
U.S. Transportation Secretary Sean Duffy said the new framework to boost
autonomous vehicles
would help U.S. automakers compete with Chinese rivals.
The announcement comes as
Tesla
CEO Elon Musk, a close Trump adviser, has repeatedly pledged to launch commercial robotaxi operations soon. Tesla also faces scrutiny from
NHTSA
over its Full-Self Driving software after a fatal crash.
The revised rules will allow some autonomous vehicles that do not comply with federal safety standards such as having rearview mirrors to operate on U.S. roads. The rules will also allow carmakers to report less severe crashes monthly, and add a property damage reporting threshold for less severe crashes involving self-driving vehicles.
"This administration understands that we're in a race with China to out-innovate, and the stakes couldn't be higher," Duffy said. "Our new framework will slash red tape."
As part of the revision, the National Highway Traffic Safety Administration said it would expand a program to exempt some self-driving vehicles from safety requirements and streamline the reporting of safety incidents for advanced driver assistance and self-driving systems.
Advocates for Highway and Auto Safety said it was disappointed that the U.S.
Department of Transportation
"chose to dilute, instead of enhance, the reporting requirements."
The group also raised concerns about the safety exemptions saying "without safeguards, safety regulations, transparency and accountability, the success of AV deployment is imperiled at best and could result in deadly consequences at worst."
The Alliance for Automotive Innovation, a trade group representing nearly all major automakers, praised the USDOT.
The industry has "been hamstrung by government inaction ... This announcement shows the administration is also proceeding with a sense of urgency, so we don't cede AV leadership to China and other countries," it said.
Automakers have long sought to deploy automated vehicles on U.S. roads that do not comply with federal safety standards. Some of those standards were written with human drivers in mind, like requiring rearview mirrors or brake pedals.
NHTSA is expanding its
Automated Vehicle Exemption Program
to now include domestically produced vehicles. The program currently allows companies to operate only non-compliant imported automated vehicles on U.S. roads.
In 2022, General Motors filed a petition with NHTSA seeking permission to deploy up to 2,500 self-driving vehicles annually without human controls such as brake pedals or mirrors. GM withdrew the petition last year after a lengthy government review had not been completed.
GM said in December it would halt funding of its self-driving Cruise robotaxi business after one of its robotaxis seriously injured a pedestrian who had been hit by another vehicle in October 2023 and it had to pay a $500,000 criminal fine to resolve a Justice Department probe into the matter. GM had invested more than $10 billion in Cruise since 2016.
Alphabet's self-driving unit
Waymo
said in October that it had closed a $5.6 billion funding round as it looks to expand its autonomous ride-hailing service. Last month, Waymo said it aimed to launch its fully autonomous ride-hailing service in the U.S. capital city next year.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ajit Ranade: The success of ‘Made in China 2025' alarmed the West
Ajit Ranade: The success of ‘Made in China 2025' alarmed the West

Mint

time17 minutes ago

  • Mint

Ajit Ranade: The success of ‘Made in China 2025' alarmed the West

An after-effect of the global financial crisis of 2008 was that by the following year, China's exports dropped by 16%. This led to widespread factory closures and mass layoffs in provinces like Guangdong. China's prosperity had been built on the large-scale export of low-cost, labour-intensive manufactured goods for three decades. The crisis exposed the vulnerability of that strategy and overdependence on Western markets. Also, China was stuck in low-end assembly roles in global supply chains, with low value addition. Undoubtedly, its economic reforms from 1978 onwards made it possible for 300 million workers to move from rural and agricultural livelihoods to higher paying industrial and urban jobs. But 2008 was a rude reminder of several weaknesses. Real wages had not grown much. As a result, consumption spending was stuck at just 35% of GDP even as late as 2009. Domestic demand could not pick up the slack caused by falling external demand. Also Read: Kaushik Basu: Redefine prosperity; GDP tunnel-vision could prove costly In 2009, Chinese policymakers responded with a 4 trillion renminbi stimulus, with big spending on infrastructure. This restored growth to 10% next year, but also led to industrial overcapacity in sectors like steel and cement, and reinforced the dominance of state-led investment. Consumption was not picking up even as deflationary pressures were building, while state-owned enterprises were struggling, plagued by overcapacity. This in turn caused a debt explosion. China's debt has grown from 150% of GDP in 2008 to about 280% now. A real estate over-build-up made a crisis in this sector imminent, as was later demonstrated by the fall of Evergrande. This was the backdrop to Beijing's launch of 'Made in China 2025' (MIC25) ten years ago. By 2013, the new regime under President Xi Jinping had recognized the need for supply-side reforms by cutting overcapacity, addressing the consumption-export imbalance and reviving industrial growth with innovation and value addition. Also Read: China began de-risking its economy well before Trump's trade fury Partly inspired by Germany's Industrie 4.0, MIC25 aimed to upgrade Chinese manufacturing to high value addition and less dependence on foreign technology. It also aimed for technological self-sufficiency and domination of emerging high-tech sectors, and sought to promote indigenous innovation and green as well as smart manufacturing. It targeted 10 sectors, including aerospace, advanced rail-transport equipment and new energy vehicles, and aimed to raise the domestic content in high-tech industries to 70%. This industrial policy was focused on picking champions, channelling vast state subsidies, and guiding credit and support to chosen sectors from preferential government procurement. The West was unhappy, viewing MIC25 as mercantilist and violative of WTO norms as well as non-market driven. There were concerns about forced technology transfer and cyber theft. Unsurprisingly, when US President Donald Trump assumed office for his first term, he slapped punitive duties, put in export controls and investment screening. The EU followed suit in trying to decouple from China. Also Read: The time is right for a reset of India's trade ties with China Fast forward to 2025. There are now several independent assessments of MIC25. Of these, two major studies were commissioned by the American Chamber and European Chamber of Commerce. What emerges is that MIC25 has been a success and has led to a spree of backlash actions, such as this year's Trump tariffs. China now accounts for 30% of value added in global manufacturing, ahead of the US, which accounts for 16%. China's BYD dominates electric vehicles (EVs), while Huawei leapt ahead in 5G telecom and AI hardware. China is a leader in shipbuilding, batteries, solar power, turbines, drones, consumer electronics and pharmaceutical ingredients. DeepSeek's AI leap was a wake-up call to those enamoured by OpenAI's ChatGPT. The recent price slash by BYD shook the global EV industry. It sells more vehicles than Tesla in the EU despite higher tariffs. China now has more robots per 10,000 workers than Germany, according to a Financial Times report. Import dependency has reduced and foreign companies are incentivized to localize production. EVs, high speed rail, industrial robots, 5G and renewable energy are China's success stories, while it faces challenges in semiconductors, aerospace and biomedicine. The FT report notes that even now, Chinese aircraft are simply 'western aircraft with Chinese metal on them." Other risks are its huge EV and solar overcapacity, apart from the global backlash of tariffs and sanctions led by US actions. Hence, MIC25 has been repositioned and folded into a broader framework called 'new quality productive forces." Also Read: How Trumpian volatility is forcing policy changes in China At the rate it is going, China's share of valued addition in manufacturing could go up to 50% in the next 5-10 years. How this Cold War 2.0, which may see the US decouple from China, plays out is anybody's guess. China is also investing in trying to win the war of narratives and perception by describing its alternate development path. But initiatives like its Belt and Road plan have only met with limited success. China also cannot ignore some core and persistent vulnerabilities, including low domestic consumption demand, an ageing demography as well as a peaking labour force, rising unemployment, slowing growth and ballooning debt. Added to this is its increased friction with the Western world and barriers denying its exports access to markets in the West. The success of MIC25 cannot hide these related risks and challenges. The author is senior fellow with Pune International Centre.

Bank of Maharashtra to Crompton Greaves - Vinay Rajani of HDFC Sec suggests these 3 stocks to buy in the near-term
Bank of Maharashtra to Crompton Greaves - Vinay Rajani of HDFC Sec suggests these 3 stocks to buy in the near-term

Mint

time21 minutes ago

  • Mint

Bank of Maharashtra to Crompton Greaves - Vinay Rajani of HDFC Sec suggests these 3 stocks to buy in the near-term

Stock market today: The Indian stock markets began the new week on a downbeat trend, influenced by global worries in spite of solid domestic GDP data. The benchmark indices fell as investor sentiment was affected by the renewed tariff threats from US President Donald Trump. At 12:34 IST, the Nifty 50 index was trading at 24,715 . 95, showing a drop of 35.70 points or 0.15%. Sensex was trading lower at 81,325.42, decreasing by 125.59 points or 0.15%. This pressure emerged following Trump's announcement to modify tariffs on steel and aluminum, which has rekindled fears of a trade conflict and economic pressures. Market analysts pointed out that although India's macroeconomic fundamentals are robust, as demonstrated by the strong GDP figures, the external challenges posed by the US tariff adjustments have overshadowed domestic gains. The potential for a broader impact on global trade and capital movements has led investors to exercise caution. Vinay Rajani of HDFC Securities recommends Bank of Maharashtra, Crompton Greaves Consumer Electricals Ltd, and City Union Bank Ltd. Check out his overall market views. Nifty 50 continued its consolidation for the second consecutive week with a weekly fall of 0.41%. Bank Nifty managed to outperform Nifty 50 with a gain of 0.33% and closed at an all-time high. Sectoral indices like PSU Bank, Capital market and Defense outperformed the benchmark with the weekly gain of 4.08%, 3.35% and 2.73% respectively. Indices like FMCG, tourism, and commodities underperformed by falling 2.16%, 1.90% and 1.61% respectively. The Nifty Microcap250 index rose 1.47% and managed to outperform Nifty 50 with a good margin. Nifty 50 has been protecting its level above 20 days EMA and SMA, placed 20,630 and 20,692 respectively. A level above all key moving averages indicates a bullish trend on all time frames for Nifty 50. Any level above 25,116 would confirm the bullish breakout from the consolidation. The lower band of the consolidation is placed near 24,400 levels, below which short term would turn bearish. Above 25,116, Nifty 50 could move towards immediate resistance of 25,300 odd levels, which happens to be 78.6% retracement of the entire fall seen from all time high of 26277 to recent swing low of 21743. Above 25300, We expect Nifty 50 to hit a new all-time high above 26277 and go beyond. Midcap and Microcap indices have been showing strength, which shows the strong breadth in the market. The Bank Nifty index has closed at fresh all-time highs with recent outperformance. Both PSU and Private bank stocks are looking strong on the chart and likely to take a lead in the coming sessions. Nifty Capital Market index has given a fresh breakout above its previous all-time highs. Considering the momentum and the chart setup, this index is likely to extend its gain in the coming days. Ratio Chart of Copper v/s Gold indicates that Copper should start outperforming gold from here for the medium to long term. Historically, Copper used to have a positive correlation with equity markets. Primary trend is bullish but short-term consolidation is going on in the Nifty 50. Traders should continue to hold on to the long positions with 24,462 stoploss in the Nifty 50. Any level above 25,116 will confirm the fresh bullish breakout. Above 25,116, we can expect Nifty 50 to extend the rise towards 25,300. Above 25,300 Nifty 50 could register fresh all-time highs. Vinay Rajani of HDFC Securities recommends these three stocks in the near term - Bank of Maharashtra, Crompton Greaves Consumer Electricals Ltd, and City Union Bank Ltd. Bank of Maharashtra share price surged 6% on 30 th May with big jump in volumes. Stock has been in to a primary uptrend as it has been sustaining above its key moving averages. PSU Bank index has broken out from the consolidation on the medium-term chart. Weekly MACD is now placed above signal and equilibrium line. Breakout from Symmetrical triangle pattern on the weekly chart. City Union Bank share price has been sustaining above 200 DEMA resistance. Stock price is now placed above 20, 50 and 200 days EMA. Monthly RSI has reached above 50, indicating sustainable up trend. Weekly MACD is now placed above signal and equilibrium line On week ended 16 th May 2025, Crompton Consumer share price broke out from downward sloping trend line on the weekly chart. Price rise was accompanied by a jump in volumes. Stock price has been sustaining above 50 DEMA resistance. Weekly RSI has reached above 50, indicating a sustainable up trend. Weekly MACD is now placed above signal line. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

India-US trade pact: Effort on to facilitate preferential market access for both sides, says Piyush Goyal
India-US trade pact: Effort on to facilitate preferential market access for both sides, says Piyush Goyal

Time of India

time23 minutes ago

  • Time of India

India-US trade pact: Effort on to facilitate preferential market access for both sides, says Piyush Goyal

Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India and the United States are keen on providing preferential market access to each other's businesses, with teams from both nations collaborating on a proposed bilateral trade agreement, Commerce Minister Piyush Goyal said on June 2. In February, Donald Trump and Narendra Modi underlined the two sides' intentions to negotiate the initial phase of a mutually advantageous multi-sector Bilateral Trade Agreement (BTA) by the fall of 2025, specifically targeting agreement aims to increase bilateral trade from the current figure of $191 billion to $500 billion by the year told reporters in Paris, during an official visit, that both nations are dedicated to collaborating and that there is a mutual desire to provide preferential access to each other's response to a question regarding Trump's announcement to raise tariffs on steel and aluminum to 50 per cent, Goyal stated that both countries will continue to work on resolving such issues through bilateral discussions."Let's wait and see; both the US and India share a positive relationship and will persist in resolving these matters through dialogue," Goyal specialists have indicated that the Trump administration's potential increase in import duties could adversely affect Indian exporters, particularly those involved in value-added steel products and auto May 30, Trump declared his plan to raise the existing 25 per cent tariffs on steel and aluminum imports, effective June 4. The initial tariffs were invoked in 2018, with a 25 per cent tariff on steel and 10 per cent on aluminum, which was later raised to 25 per cent on aluminum in February the fiscal year 2024-25, India exported iron, steel, and aluminum products worth $4.56 billion to the US, with key exports including $587.5 million in iron and steel, $3.1 billion in iron or steel articles, and $860 million in aluminum and related has also lodged a formal complaint with the World Trade Organization (WTO), asserting its right to impose retaliatory tariffs on American goods in reaction to the previous steel tariffs. This week, a delegation of US officials is visiting India to discuss the proposed interim trade agreement between the two significance of this visit is heightened by the expectation that India and the US may reach an interim trade agreement by the end of June, with India advocating for a complete exemption from the 26 per cent reciprocal tariff on domestic Agrawal, India's chief negotiator and Special Secretary in the Department of Commerce, concluded a four-day visit to Washington last month, where he engaged in discussions with his US counterpart regarding the proposed agreement. Goyal was also in Washington to further advance trade negotiations. There is a possibility that both nations might finalize an interim trade deal prior to the first phase the fourth consecutive year in 2024-25, the US maintained its status as India's largest trading partner, with bilateral trade reaching $131.84 billion. The US contributes approximately 18 per cent to India's total goods exports, 6.22 per cent to imports, and 10.73 per cent to the overall merchandise trade of the India's free trade agreement with the four-nation European bloc EFTA, Goyal clarified that the $100 billion foreign direct investment (FDI) commitment under this agreement does not account for funds entering the stock market through foreign institutional investors (FIIs)."This represents solid FDI coming into the nation... This $100 billion in FDI is accompanied by technologies... It will likely catalyze approximately $500 billion in investments," he stated. He emphasized that such investments would foster the development of a comprehensive ecosystem, leading to the establishment of hotels, infrastructure, and the utilization of power and water resources, thus significantly contributing to the economy. The implementation of this pact is advancing rapidly, with expectations for it to be operational by the year's Trade and Economic Partnership Agreement (TEPA) was signed by the two sides on March 10, 2024. Under this agreement, India has secured an investment pledge of $100 billion over 15 years from the grouping, while allowing several products, including Swiss watches, chocolates, and cut and polished diamonds, to be imported at lower or zero members of the European Free Trade Association (EFTA) include Iceland, Liechtenstein, Norway, and Switzerland. When queried about the possibility of a similar arrangement in the proposed trade pact with the 27-nation EU bloc, Goyal remarked, "The member countries are significant investors in India, so we may not pursue that avenue in our FTA with the EU."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store