EU Plans Law to Give Car Services Groups Access to Vehicle Data
The European Commission is set to propose draft legislation this year that would allow insurers, leasing companies, and repair shops fair access to valuable vehicle data, aiming to end a dispute between car services groups, Big Tech, and automakers over monetizing in-vehicle data. The law could be worth hundreds of billions of euros by the end of the decade as the connected car market is expected to grow. However, carmakers have cautioned against legislation that could impose blanket obligations on them and warned of risks to trade secrets.
- If successful, this new regulation could create a more level playing field for car services groups, Big Tech, and automakers, enabling the development of innovative products and services that rely on vehicle data.
- Will this proposed law ultimately lead to a concentration of control over in-vehicle data among tech giants, potentially stifling competition and innovation in the automotive industry?