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1. No external party is able to control the speed of the vehicle. Control is maintained by the parent, presumably the vehicle's owner.

2. This has been a feature of slower-accelerating premium vehicles, primarily for valet use, for decades.

If it keeps my kid from driving too fast and being a danger to himself and others, absolutely, yes.

I guess it depends whether you trust the software more than your kid. I personally wouldn't, but my kids are pretty risk-averse compared to their friends.

Is a father an “external party”?