Internet of Things (IoT) has revolutionized transportation systems by connecting vehicles consequently enabling their tracking, as well as monitoring of driver activities. Such an IoT platform requires a significant amount of data to be send from the on-board vehicle to the off-board servers, contributing to high network usage. The data can be send at regular intervals or in an event-based manner whenever relevant events occur. In interval-based approach, the data is send even if it is not relevant for reporting leading to a wastage of network resources, e.g., when the data does not change considerably compared to the previously sent value. In this paper, we investigate the possibility of using an event-based architecture to send data from the on-board system to the off-board system. The results show that our event-based architecture improves the accuracy of data available at the off-board system, by a careful selection of events. Moreover, we found that our event based architecture significantly decreases the frequency of sending messages, particularly during highway driving, leading to reduced average data transfer rates. Our results enable a customer to perform trade-offs between accuracy and data transfer rates.