The Internet of Things is becoming a more widely used technology in society. It is often used to refer to the ever-growing network of interrelated devices, or “things”, that are capable of transmitting or receiving data over a network to other “things” and systems. As the use of IoT continues to grow, as does the number of industries, seeking to take advantages of the technological ecosystem – vehicles being one of the largest. This concept is called Internet of Vehicles (IoV). This paper discusses the creation of a scalable and inexpensive solution to a smart parking meter. This parking meter system was used to optimize parking in congested areas by determining and relaying parking availability using infrared sensors integrated with radio frequency (RF) technology, respectively. Information was to be relayed to a server named Thingworx, enabling vehicle-drivers to reserve and navigate directly to parking spaces through the use of a touchscreen vehicle module, ultimately reducing congestion and saving fuel.