Distributed Ledger Technology (DLT) has become popular with the creation of the Bitcoin Blockchain. However, it does not fully address issues such as scalability, transaction fees, and quantum security in application to the Internet of Vehicles (IoV). The IOTA Foundation has claimed to handle these issues: The Tangle. Directed Acyclic Graph (DAG)-based DLT named IoTA, encapsulating Tangles on the IoV environment. In this research, we demonstrate tip selection strategies to affect the IOTA tangle’s structure and behavior in IoV. Our proposed scheme describes Tangle’s implementation within the IoV use case scenario, providing a highly scalable and fee-less DLT mechanism. We use bundle constructing algorithms for making secured transactions among vehicles across the consensus process. This strategic platform strikes a good balance between the punishment of lazy or busy tips and managed to tackle the left-behind tips, reducing computational latency and approving higher inter-arrival data rates. Our findings show that the random data execution rate (α) and the transaction data arrival rate (λ) are effective. Finally, our scheme shows an efficiency of 80% node execution and low latency-based reliable fee-less data delivery over the IoV network ends.