It's not 'extreme' its just extrapolation and common sense. Profit motives dictate this as the only outcome. In what world are you living in where any system exists that collects data and doesn't transmit it to corporations and governments? Yes there are arguably a couple niche E2E encrypted open source programs, but surely that isn't at all comparable with proprietary big corporation vehicle software which have always notoriously been some of the worst privacy violating software around.
That's actually illegal in EU without consent. In this particular case, there's also specific ban on identifying the user with the cameras that the system may use. It's in the text, as a result we may hear from the tech companies how EU regulations are making it hard to do business even.