Vehicular communication is the technology that allows vehicles to exchange information with other cars and its surroundings to enhance safety and efficiency of transportation systems. Informative communication, which includes vehicle's position, velocity, and location, enables the sensing of hazards and traffic congestion. In this paper, two vehicular communication standards, Institute of Electrical and Electronics Engineers (IEEE) 802.11p and the proposed nextgeneration cellular network 5G are compared for vehicular networking. A detailed comparative study of the standards concerning latency, coverage, scalability, and mobility. The results indicate that IEEE 802.11p offers acceptable performance with limited mobility support. Whereas, 5G meets most of the vehicular application requirements regarding latency, coverage, scalability, and mobility. 3D holographic communication in 5G would allow users to experience live and interactive meetings. The bandwidth requirement of 3D holograms is predicted to be in terabyte level. With compression techniques, the delivery of real-time holograms has been researched to require 10Gbps or higher.