financetom
Business
financetom
/
Business
/
EU plans law to give car services groups access to vehicle data
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EU plans law to give car services groups access to vehicle data
Mar 4, 2025 10:59 AM

BRUSSELS, March 4 (Reuters) - The European Commission

aims to propose draft legislation this year that would allow

insurers, leasing companies and repair shops fair access to

valuable vehicle data, according to its auto industry action

plan to be published on Wednesday.

Provided it gets the backing of member states, the law could

end a tussle between car services groups, Big Tech and

automakers that are all seeking to monetise in-vehicle data as

they seek to develop new products and services.

The data covers anything from driving habits to fuel

consumption and tyre wear, and analysts have said it means the

connected car market could be worth hundreds of billions of

euros by the end of the decade.

Ownership of the data is not clearly defined in EU law,

which has resulted in the current dispute over access.

"Due to many specificities of connected motor vehicles and

its potential to open new business opportunities, including on

bi-directional and smart charging, complementary measures are

needed," said the draft auto industry action plan seen by

Reuters.

"The Commission will therefore take adequate measures,

including a legislative proposal on access to vehicle data, to

allow the full automotive ecosystem to reap the benefits of data

from connected vehicles," it said, with the proposal planned for

this year.

Carmakers have cautioned against legislation that could

impose blanket obligations on them and also warned of the risks

to trade secrets as well as data misuse.

The auto industry has in addition voiced concern that Big

Tech could soon dominate the infotainment systems on cars'

dashboards. Alphabet's Google and Apple ( AAPL ) have

already got a foothold in the market.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Copyright 2023-2026 - www.financetom.com All Rights Reserved