The Biden administration has proposed a ban on key Chinese software and hardware in connected vehicles on American roads. The U.S. Commerce Department announced this proposal on Monday, citing national security concerns as the primary motivation behind the decision.

Biden administration proposes ban on Chinese 'connected car' technology

The connected car market is experiencing an increased growth at a CAGR of 18.75% as it is expected to reach USD 416.66 billion by 2030, as per a research by 360iResearch.

Connected car market expected to reach USD 416.66 billion by 2030

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Biden administration proposes ban on Chinese 'connected car' technology

Connected car market expected to reach USD 416.66 billion by 2030