Connected cars are one of the biggest advancements in vehicular technology. Each connected car comes with a cellular modem that allows it to connect to the internet. This allows the vehicle to communicate with apps and services that make car ownership easier than ever. No more wondering whether you forgot to lock your car—drivers can now lock and unlock their car doors remotely using their phones. That’s just one of many features that connected cars have to offer.
With a connected vehicle, drivers can share their mileage with their auto insurance provider. They can rent out their vehicle on car sharing platforms without the need to hand over their keys. They can even allow their electric utility provider to automatically charge their EV at the most optimal times. For drivers, connected car technology alleviates a lot of the hassles that go along with car ownership. For businesses, it’s never been easier to connect to a customer’s vehicle and offer innovative products based on available and accurate connected car data.
Here’s what businesses that are exploring mobility apps and services need to know about connected car data.
From location and mileage to EV battery and fuel tank level, mobility businesses use the Smartcar platform to retrieve a variety of data from connected cars.
Retrieve the geographic coordinates of a car’s last known location.
Verify a vehicle’s exact odometer reading.
Check an electric vehicle’s state of charge and confirm whether it is currently charging.
Know how much fuel remains in a gas vehicle’s tank.
Read the tire pressure and the remaining engine oil life of a vehicle.
Connected car data is extremely beneficial for businesses in several different industries. Let’s take a look at three examples.
Instead of relying on self-reporting by drivers, connected car data allows auto insurers to verify mileage, garaging locations, and VINs directly from vehicles. Underreported mileage costs auto insurers billions of dollars in premium leakage every year. By using car API platforms like Smartcar, insurers can connect directly to each customer’s vehicle to accurately verify mileage and other information.
Car sharing businesses use connected car data to share a vehicle’s location with renters and to verify the car’s mileage and fuel tank level after each trip. These businesses also use connected car APIs to offer contactless car sharing, allowing renters to unlock vehicles directly from their phones.
As electric vehicles become more common, electric utility providers will undoubtedly struggle to manage the strain that EVs put on the electric grid. But by using data from connected vehicles, utilities can monitor and understand EV charging behavior to better predict electricity usage and prevent rolling blackouts. With connected car APIs like Smartcar, utility providers can even go one step further and offer scheduled charging features to automatically charge EVs during off-peak hours.
Smartcar is the leading provider of connected car APIs. Auto insurance, car sharing, electric utility companies, and more use our platform to connect to vehicles and access important connected car data. To learn more, schedule a free demo today.