The Internet of Vehicles (IoV) is the moving network made up of IoT enabled cars through the use of modern electronics and integration of the information to help maintain traffic flow, and to perform more effective fleet management and accident avoidance. The electronics used include sensors, GPS, entertainment systems, brakes and throttles.
IoV is an extension of vehicle-to-vehicle (V2V) communication that can be used to enhance driving aids, like adaptive cruise control for full autonomous driving, by furthering the vehicle artificial intelligence’s (AI) awareness of other cars and their maneuvers. The IoV is connected in an ad hoc network that uses each vehicle as a node. This specially designed network is called Vehicle Ad Hoc Network (VANET). Vehicles may be connected to the internet through this network.
In the case of ride sharing services like Uber, IoV makes it simple to automatically hail the nearest available vehicle. The reduction in average travel distance for the same fares increases profit for the ride sharing company. In addition, the less time traveled per taxi reduces pollutants and CO2 output, benefiting the environment.
IoV is especially important for autonomous vehicles as they can instantly communicate to other cars around them. Instant communication allows notices of braking, changing lanes or turning and helps ensure smooth and safe transportation between autonomous vehicles.