No, this type of legislation should not be passed because of the following reasons:
If it were mandatory to have GPS in all vehicles then it would imply that the government has the right to know where you are at all times. The government does not have that right and thus could not overtake that law.
When your vehicle is stolen and abandoned, what usually happens is the police call a tow truck to remove the abandoned vehicle, especially if it is near a roadway. When you get your car you have to pay the towing company. ...