Earlier quoted context omitted.
You're very right. At a quick glance, this thing is going to need power, probably from the car battery. You don't want it to catch fire and kill the occupants, so there's going to be R&D in power supplies, material etc, along with regulation and testing.
Sure, if there never was something before hooked to a car battery. Or if the material would have to be kryptonite. $86 Million is just a way way way to high number for such a project. Of course the 57 lines here won't do it in production and I acknowledge a certain need for R&D but this number is just too high.
As to the device it needs to do more than just read licence plates. It must compare them with something which means it needs to get over the air updates for a list of licence plates. So, now you need some back end system to get important lists of licence plates from various other systems. As to the device, how much coverage does it get aka does it need multiple cameras.
And on it goes.