Intelligent transport systems (ITS) rely on V2X communication for allowing coordination and cooperation of traffic participants and increasing traffic efficiency and safety. Communication between traffic participants needs to be secured, especially with respect to authenticity and integrity. Further, a high level of privacy-preservation needs to be ensured. The current European ITS system relies on the use of pseudonym certificates to achieve trust and security while providing a high level of privacy by ensuring unlinkability of messages in the long term. This paper sets out to investigate whether privacy-preserving attribute-based credentials (ABCs) constitute a viable alternative or complement to the current approach. In particular, this paper focuses on the use case of high-density platooning and investigates the applicability of ABCs in that context.