IoT Enabled Dynamic speed Control of Electric Vehicle Based On Vehicle Loan Status

In this paper, we tackle the financial accountability characteristic of vehicle security in relation to other embedded technologies going. We also touch on some of the concerns that lending institutions face owing to loan defaults. It provides automation help for organizations in the monitoring of the loan status and dynamically regulates the speed of electric vehicles in real-time based on delays in repayment, which are usually calibrated against limits hit to set by the bank. A control to keep motor temperatures from reaching dangerous levels and an emergency override option for authorized people are among the system's other features. Without the user's involvement, automated control can change the vehicle's speed; in an emergency, the override capability permits a restricted speed adjustment while providing the bank with sufficient security. This feature of motor temperature monitoring increases safety and includes some aspects of vehicle operation in it as it sends updates about danger avoidance while the vehicle runs under restricted use or for extended periods. This system is aimed to be integrated in EV two wheelers with wheel diameter of 130 mm. The study examines how this system enhances the loan recovery process by mitigating operational risks revolutionizing financial enforcement in the automotive industry by integrating contemporary financial management with advanced embedded technology.