1. If the databases are not kept up to date well, there would be a lag when highway authorities change the speed limit in an area, which could lead to traffic traveling at mixed speeds, which is a common cause of car crashes.
2. For an attacker this presents a juicy and new DoS vector: You could break into an automaker and set the speed limit to something low and hold the automaker's customers hostage. This vector already exists for automakers who do OTAs of their vehicles.
3. The above DoS vector could be more subtly used to target individual vehicles in furtherance of other crimes.
4. Theres also the unanswered question of road cars which are also used in various types of races. A friend of mine uses her primary car in rally races, would the restrictions be lifted on private property? Would the databases be updated properly when a public road is used as a race circuit?