Due to the sensitivity of the information exchanged in Vehicle to Vehicle (V2V) and Vehicle to Infrastructure (V2I) communication, generating secret keys is critical to secure these communications. As nature is open access, distributed keys are more vulnerable to attacks in the vehicular environment. Physical layer key generation methods using wireless channel characteristics show promise in preventing such attacks, generating keys independently, and removing the need for distribution. In this paper, we present a novel key generation approach in a real vehicular environment based on Channel State Information (CSI), including a new algorithm for key bit extraction. We implemented our algorithm using USRP B210 Software-Defined Radios (SDR) and the industry-standard V2X communication protocol: IEEE 802.11p. The proposed key generation protocol uses the CSI values of each sub-carrier as a source of randomness, from which bits are extracted using a new QAM demodulator quantizer (QAM-Dem-Quan). We compared our technique to state-of-the-art Received Signal Strength (RSS)-based approaches, and show that our method achieves better performance. Moreover, we reached a min-entropy of approximately 70% for the generated keys and a key generation rate of less than 150 mu s/key for key lengths ranging from 16 to 128 bits.