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The YouTube user mrcharlyasap recorded this film on the island of Gran Canaria.
His way to Maspalomas from Las Palmas de G.C. and the height of C.C. Las Terrazas recorded this.
Now in slow motion.
Now we apply an image stabilization and repeated in a loop.
Now we increase the contrast and lowered the brightness.
We apply a zoom to the original image.
Let everyone draw their own conclusions.
It is not a structure or part of a building (checked with Google Earth)
and it does not seem a reflection of the car.
I don't know what is this, but there are some pictures and videos on Youtube of other people
who have seen anything like this ring of light in other parts of the world.