EXPLORING THE PROSPERITY AND MARKET DYNAMICS OF IOT-INFUSED ELECTRIC VEHICLE SERVICES: A REVIEW

Abstract

EVs are gaining popularity due to their environmental benefits over traditional gas-powered cars. Incorporating the Internet of Things (IoT) shows great potential in revolutionizing the EV sector. With IoT, EVs gain access to new services, improving efficiency, safety, and user engagement. IoT allows real-time data gathering for advanced analytics, optimizing EV performance and ensuring safer drives. This merging of EVs and IoT marks a new chapter in sustainable transportation, shaping a more interconnected and effective automotive field. This paper explores the market potential and economic viability of IoT-enabled EV services.

Index Terms: Internet of Things (IoT), Electric Vehicles, Connected Vehicles, EV Services, Automobile Industry