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Regulatory Harmonization will be key as Connected Vehicles Market Heads for Take-Off

Frost & Sullivan Manufacturing

On the other hand, this is exposing vulnerabilities linked to personal information leaks, data fraud, unauthorized access to sensitive driver-related information, and privacy concerns. All three key markets – Europe, China, and North America – have regulations related to cybersecurity, personal data privacy and C-V2X. By 2026, WP.29

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California passes Delete Act to protect residents' data privacy

E&T

In order to make the new requirements possible, the legislation also mandates that all data brokers register with the California Privacy Protection Agency (CPPA), which would create a single form for residents to request that their data is deleted. The state will have until 2026 to implement the Delete Act.

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View from India: Digital disruptions

E&T

Digital banking is projected to grow from ₹2 lakh crore to ₹8 lakh crore by 2026. Financial data transmitted through the internet raises concerns over data privacy. For instance, HDFC Bank offers a digital car loan facility through HDFC Bank Xpress. The market is promising. Fraud mechanisms and cyber threats loom large.

Form 59
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Auto China 2024 (Beijing): “New Era, New Mobility”

Frost & Sullivan Manufacturing

Leveraging the intelligent cockpit and advanced driver-assistance systems software of XPENG, they will be sold under the Volkswagen brand in China with production expected to start in 2026, reinforcing VW’s in “China for China strategy” and helping XPENG promote its E/E platform in Europe as well.

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Voluntary AI ethics code could come ‘within weeks’, EU chief says

E&T

However, the legislation is unlikely to take effect before 2026. "In However, governments and experts have raised concerns about the risks these tools could pose to people’s privacy, human rights and safety. The EU is currently working on the AI Act , the world’s first comprehensive legislation regulating the use of AI technology.

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Top Legal Issues Facing the Manufacturing Sector in 2023

Foley

For example, if a manufacturing company controls large amounts of personal data, including customer or employee data, it would be subject to data protection laws such as the General Data Protection Regulation (GDPR) in the European Union and the California Privacy Right Act (CPRA) in the United States.