The Korea Automobile Research Institute predicted that EU and US vehicle data-related legislation would significantly change the overall power structure of the automobile industry and emphasized the need for Korean companies to actively participate.

The Korea Automotive Technology Institute (KATECH) announced on the 31st that it is possible that access to vehicle data will be significantly expanded while publishing Industry Trend Vol. 110 on the topic of 'EU and US Legislation Trends Related to Vehicle Data'.

Vehicle data can be used for related services such as car rental, insurance, used goods transactions, maintenance, marketing, and autonomous driving research based on various data such as vehicle location, parts status, and surrounding environment.

In February 2022, the EU Commission published a draft EU 'Data Act' that would oblige car manufacturers to share vehicle data with third parties (such as independent repairers and maintenance companies and car insurers).

The EU's 'Data Law' aims to fairly distribute the value of data among stakeholders and promote data access and use, and the European Parliament will review the Commission's draft and decide on its position by March 2023.

Data obtained through IoT products such as connected cars can be accessed and moved by product users (e.g. vehicle owners) and shared with third parties (including competitors) according to user requests. It is also imposed on holders (e.g. automobile manufacturers).

For example, automobile manufacturers must share vehicle driving data and other information with automobile insurance companies and other companies if requested by vehicle owners.

It also includes provisions that data owners cannot charge users of their products for data sharing, and that they must share data of the same quality with third parties as they use.

In addition, the EU is expected to guarantee independent repair and maintenance operators access to vehicle data from June 2023 to June 2028 through amendments to the 'Multi-Vehicle Barrier Regulation (MVBER)'.

This revision includes provisions to ensure accessibility to vehicle data necessary for repair and maintenance, so it is expected that the vehicle data sharing target will be repair and maintenance companies, and the scope of sharing, etc. is expected to be confirmed by May 2023.

According to the Korea Automobile Research Institute, Insurance Europe has requested that insurance companies also guarantee access to vehicle data through 'MVBER'.

If Massachusetts' Vehicle Data Access Law, the legality of which is being debated, goes into effect, it is possible that independent repair and maintenance companies in the United States will also be allowed to access vehicle data.

The 'Vehicle Data Access' is an amendment to the Right to Repair Act that adds telematics system data to the information that automakers are required to provide to independent repair and maintenance providers.

The Massachusetts Right to Repair Act was introduced in 2013 to ensure fair competition and consumer rights in the vehicle repair and maintenance sector, and is applied nationwide based on this ‘ It has such great influence that the 'R2R Agreement' was concluded.

It also requires manufacturers selling cars equipped with telematics systems to provide an open platform that allows vehicle owners and independent repairers to access diagnostic data via mobile applications.

The law was passed in 2020, but enforcement has been suspended due to litigation, and whether it will go into effect will depend on the outcome of the trial.

Previously, the American Automobile Association (AAI) filed a lawsuit claiming that it is difficult to develop an open platform for vehicle data that is free of cybersecurity risks and that the law should be abolished as it is likely to cause automakers to violate federal safety and environmental laws.

For this reason, some manufacturers (Subaru, Kia) are disabling telematics features on vehicles sold in Massachusetts starting in 2021 to prevent problems.

Hanjayeon believes that active investment and support are essential as important aspects such as the scope of vehicle data sharing, sharing method (platform), and sharing cost burden have not been determined yet.

According to Emergen Research, the vehicle data market is expected to grow at a CAGR of 38.5% from 2018 to 2028, reaching a total size of USD 86.91 billion in 2028.