Demand for regulatory intervention on the accessibility of in-vehicle data within the automotive sector
The Independent Service Providers (ISP) group has conducted an analysis on the implications of an unregulated data space, particularly as software-defined vehicles (SDVs) gain mainstream prominence in the European automotive sector.
The analysis underscores the urgent need for regulation in the European automotive data ecosystem. With the potential financial losses for the independent automotive aftermarket at stake, the ISP group suggests that the absence of regulation could have significant financial implications.
The European Commission proposed the EU Data Act at the end of the current year, aiming to enable access to vehicle data, functions, and resources in the EU automotive sector. However, the sector-specific regulation for the automotive area was put on hold at the end of 2023, shortly before publication.
In a joint statement, the ISP group, along with other stakeholders, has called for immediate regulatory action in the European automotive data ecosystem. The deadline for proposing the legislation is the end of this year.
The proposed legislation concerns access to in-vehicle data, functions, and resources. The goal of the regulatory action is to foster competition, innovation, consumer choice, and affordability in the market.
European independent automotive and mobility service providers have made significant investments in retrofit solutions to access vehicle-generated data over the past 10-15 years. The ISP group's analysis focuses on the impact of an unregulated data space on the independent automotive aftermarket.
The analysis by the ISP group highlights the potential losses in the independent automotive aftermarket due to the absence of regulation in the data ecosystem. The potential losses projected by the ISP group reach €95 billion by 2050.
The statement also underlines the importance of regulatory action to protect the interests of the independent automotive aftermarket. The EU executive branch is urged to take decisive action to ensure a fair and competitive market for all players in the automotive sector.
As software-defined vehicles (SDVs) become more prevalent, the need for regulation in the European automotive data ecosystem becomes increasingly important. The ISP group's analysis emphasizes this point, stressing the importance of regulation to maintain a level playing field and prevent potential annual losses of €26 billion by 2030 and €95 billion by 2050 for the independent automotive aftermarket.
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