Connected and autonomous vehicles are expected to revolutionize transportation systems in the near future. Nevertheless, full autonomy still requires further development that will only be achieved through a high level of cooperation and coordination among vehicles. For the safe execution of several autonomous functions, vehicles will need to frequently communicate their current location to the Road Side Units (RSUs). However, due to information aging, it is expected that the delays from the time a message is generated until the location of the vehicle is updated will induce a tracking error. Thus, there is a tradeoff between the frequency of location updates and tracking error. Further, in order to reduce the queue-induced delays present in the system, the number of messages can be reduced by employing an event-triggered communication scheme. In this work, a family of optimization problems is proposed, utilizing the event-triggered algorithm, in order to determine the optimal triggering threshold. Both single and multiple RSU cases are considered in several simulation scenarios, demonstrating that the proposed optimization framework derives the optimal tracking accuracy. In the case of multiple RSUs, results are further optimized by assigning roads (and in turn vehicles) to RSUs if coverage areas of multiple RSUs overlap.