In the contemporary landscape of smart transportation systems, the imperative role of intelligent traffic monitoring in bolstering efficiency, safety, and sustainability cannot be overstated. Leveraging recent strides in computer vision, machine learning, and data analytics, this study addresses the pressing need for advancements in car license plate recognition within these systems. Employing an innovative approach based on the YOLOv5 architecture in deep learning, the study focuses on refining the accuracy of license plate recognition. A bespoke dataset is meticulously curated to facilitate a comprehensive evaluation of the proposed methodology, with extensive experiments conducted and metrics such as precision, recall, and F1-score employed for assessment. The outcomes underscore the efficacy of the approach in significantly enhancing the precision and accuracy of license plate recognition using performance evaluation of the proposed method. This tailored dataset ensures a rigorous evaluation, affirming the practical viability of the proposed approach in realworld scenarios. The study not only showcases the successful application of deep learning and YOLOv5 in achieving accurate license plate detection and recognition but also contributes to the broader discourse on advancing intelligent traffic monitoring for more robust and efficient smart transportation systems.