Newsom Vetoes Bill Requiring Cars to Warn Speeding Drivers

Published On Sep 28, 2024, 7:39 PM

California Governor Gavin Newsom vetoed a legislative bill that would have made the state the first in the U.S. to require intelligent speed assistance technology in new vehicles, alerting drivers when they exceed the speed limit by over 10 mph. The bill aimed to address the high rate of traffic fatalities linked to speeding. Proponents believed the technology could have a broader impact on safety, similar to California's past initiatives on emissions that influenced national automotive policies. Similar technology is already adopted in Europe and has shown to reduce speeding.

Stock Forecasts

The vetoed legislation indicates that there may be less immediate pressure on automakers to adopt intelligent speed assistance technologies in their vehicles for the California market compared to European manufacturers who are already implementing similar technologies. Without a push in California, companies focused on these innovations might see reduced demand in the near term.

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