The fame of the Internet of vehicles (IOV) increases the complexity of managing the vast network of interconnected vehicles, devices, and systems, which causes the need for seamless connectivity among vehicles and infrastructure. Developing robust and efficient data transmission technologies is imperative to ensure that IOV functions smoothly and can not only handle the substantial volume of data generated by IOV but also address factors of latency, bandwidth, and scalability to meet the evolving demands of modern transportation systems. Therefore, experts are actively exploring novel solutions and advancements to tackle these challenges to promote IOV to new heights in transportation. In this survey paper, the authors surveyed the IOV of different architectures, provided a comprehensive overview of the Internet of things, vehicular ad hoc networks, and IOV networks, and compared the various networks. Similarly, they studied the multiple challenges of IOV and the corresponding solution available in recent literature. This paper describes the IOV evolution and examines several research papers related to the IOV and research guidance, such as high mobility, load balancing, security, heterogeneity, location accuracy, secure routing, etc.