The NHTSA plans to ease rules for autonomous vehicles, including loosening crash reporting requirements and simplifying approvals, in changes championed by Tesla (TSLA) CEO Elon Musk, The Financial Times’ Stephen Morris and Kana Inagaki report. “This administration understands that we’re in a race with China to out-innovate, and the stakes couldn’t be higher,” US transportation secretary Sean Duffy said on Thursday. “Our new framework will slash red tape and move us closer to a single national standard that spurs innovation and prioritizes safety.” Other publicly traded companies in the EV space include Ford (F), GM (GM), Rivian (RIVN), Lucid (LCID), Nio (NIO), Xpeng (XPEV), Li Auto (LI), Nikola (NKLA), and Zeekr (ZK).
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