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Federal Regulations Update
Let’s dive right into the latest updates on federal regulations in the transportation sector. The U.S. Department of Transportation recently introduced a new Automated Vehicle Framework, which includes a standing general order (SGO) on crash reporting for vehicles equipped with advanced driver-assistance systems and automated driving systems. Changes were also made to the Automated Vehicle Exemption Program (AVEP).
The SGO modifies the reporting requirements for vehicles with Level 2 driving automation involved in crashes. Previously, any vehicle with Level 2 or above advanced driver-assistance system had to report a crash within five days, regardless of the severity. The new order now exempts vehicles with ADS from this reporting, focusing only on incidents involving fatalities, injuries, or vulnerable road users.
During a recent event, DOT Secretary Sean Duffy highlighted the importance of streamlining reporting requirements for autonomous vehicles to ensure efficient data collection without unnecessary burdens.
A Peek Into Slate EV
Slate, the Bezos-backed EV startup, unveiled exciting details about its electric vehicles at an event in Long Beach, California. Described internally as a “transformer,” Slate is positioning itself as a revolutionary player in the EV market.
Insider sources have revealed that Slate EV is set to offer groundbreaking features that go beyond conventional electric vehicles. Stay tuned for more updates on this innovative company.
Recent Deals in the Industry
Here are some notable deals making waves in the transportation sector:
- Ather Energy reduces IPO size by 18%
- DoorDash eyes acquisition of Deliveroo for $3.6 billion
- Electra secures $115 million in Series B funding
- Fora raises $60 million in Series B and C rounds
- United Airlines invests in JetZero for blended wing body aircraft
Notable Industry Updates
Here are some key developments in the autonomous vehicles and electric vehicles sectors:
- Alphabet CEO hints at future options for Waymo’s self-driving tech
- Tesla begins testing autonomous ride-hail service
- Volkswagen and Uber plan commercial robotaxi service with VW ID. BUZZ vehicles
- Rivian appoints Cohere CEO to its board
- Faraday Future appoints founder Jia Yueting as co-CEO
Ride-Hailing News
In the ride-hailing space:
- FTC files lawsuit against Uber for unauthorized charges
- Delta SkyMiles members can now earn points with Uber rides and Uber Eats
Stay tuned for more updates and insights on the ever-evolving landscape of transportation. Don’t forget to subscribe to our newsletter for the latest news and analysis in the industry!
