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This report, "5G Connected Cars: A Transformative Value Proposition," examines the impact of 5G connectivity on the automotive industry. The report highlights the importance of vehicle connectivity and the evolution of the 5G connected car. It explains how 5G is rejuvenating the automotive industry, emerging from the COVID-19 pandemic and waning chip shortages. The report also discusses the key use case categories enabled by 5G, new 5G momentum in the automotive industry, recent regulations requiring vehicle connectivity, and the value of 5G in a connected car. It concludes that 5G connectivity is rewriting the rules of vehicle value creation and preservation, enabling new applications and improving quality of service.