Stock Markets February 19, 2026

Hochul Withdraws Statewide Robotaxi Proposal, Stalling Waymo’s New York Push

Proposal to permit driverless commercial robotaxi operations outside New York City pulled after lawmakers and stakeholders failed to back the measure

By Jordan Park GOOGL TSLA
Hochul Withdraws Statewide Robotaxi Proposal, Stalling Waymo’s New York Push
GOOGL TSLA

New York Governor Kathy Hochul has removed from her budget a proposal that would have allowed commercial robotaxi services to operate beyond New York City. The change removes a potential regulatory path for companies such as Waymo to deploy driverless, humanless vehicles in the rest of the state and represents a setback for Waymo’s expansion goals.

Key Points

  • Governor Hochul removed a budget proposal that would have allowed commercial robotaxi permits to operate outside New York City after determining it did not have sufficient support.
  • The proposal would have enabled autonomous vehicle firms to apply for permits to run driverless services without human operators in vehicles, a regulatory step sought by companies such as Waymo.
  • The decision is a setback for Waymo’s plans to scale to more than 1 million paid weekly U.S. robotaxi rides by end of 2026 and its announced expansion into 20 cities this year, including Dallas, San Antonio, Orlando, Nashville and London.

New York Governor Kathy Hochul has opted to withdraw a proposal that would have given autonomous vehicle operators the ability to obtain permits for commercial driverless services outside New York City. The measure had been part of the governor’s budget submission last month but was pulled after officials determined it lacked sufficient support.

The proposal, as drafted, would have permitted companies testing autonomous vehicles to apply for authorization to operate without human safety drivers aboard. The governor’s office confirmed the decision to remove the language from the budget on Thursday, citing conversations with stakeholders and the legislature that indicated inadequate backing for the proposal.

Sean Butler, a spokesperson for Governor Hochul, told Bloomberg: "Based on conversations with stakeholders, including in the legislature, it was clear that the support was not there to advance this proposal." That explanation was provided as the administration moved to shelve the regulatory change from this budget cycle.

Alphabet-owned Waymo reacted to the development with disappointment. In a statement supplied to Bloomberg, the company said: "We’re committed to bringing our service to New York and will work with the state legislature to advance this issue." The company has framed New York as an important potential market for driverless rides.

With the proposal withdrawn, Waymo’s plans face a more complicated path to expansion in New York state. The company has set an ambition to surpass 1 million paid weekly robotaxi rides in the United States by the end of 2026. It also announced intentions to expand into 20 cities this year across the United States and internationally, naming Dallas, San Antonio, Orlando, Nashville and London among its targets.

Hochul’s initial proposal explicitly excluded New York City itself, focusing on permitting operations in the rest of the state. Approval to operate statewide outside the city would have advanced Waymo toward entry into what the company regards as one of the world’s largest ride-hailing markets.

The market reaction to the announcement was modest. Alphabet Inc shares declined 0.2% on the news, while Tesla Inc shares slipped 0.6%.


Context limitations: The administration cited stakeholder and legislative feedback for withdrawing the proposal. Statements from the governor’s office and Waymo were reported to Bloomberg and are reflected here.

Risks

  • Regulatory uncertainty in New York state could slow deployment timelines and commercial rollouts for autonomous vehicle companies - impacting the transportation and technology sectors.
  • Lack of legislative and stakeholder support creates uncertainty for investors and companies planning rapid geographic expansion, which could affect market sentiment in related equities such as Alphabet and other EV/autonomy players.
  • With the proposal removed, companies must rely on further legislative action or alternative regulatory pathways, creating timing risk for commercialization and revenue projections in the autonomous mobility sector.

More from Stock Markets

Supreme Court Reviews Broad Array of Trump-Era Policies Across Trade, Immigration and Federal Workforce Feb 20, 2026 Toymakers Weigh Options After Supreme Court Nixes Emergency Tariffs Feb 20, 2026 OpenAI Narrows Long-Range Compute Plan to $600 Billion, Reframes Growth to Revenue-Linked Spending Feb 20, 2026 Moody's Moves Amazon Outlook to Stable as Company Embarks on Massive AI-Driven Capex Push Feb 20, 2026 Phil Spencer to Retire After 38 Years; Asha Sharma Named CEO of Microsoft Gaming Feb 20, 2026