Internet Plus Intelligent Transportation can promote data and information sharing among traffic facilities during traffic operation. It can also optimize the operation modes of transportation organizations, increase economic and social values, and comprehensively satisfy people’s mobility needs. To actively meet the new development needs, this study clarifies the current development and problems of the Internet Plus Intelligent Transportation model, summarizes its integration trend with other industries and fields, and expounds the architecture of Internet Plus Intelligent Transportation. It is proposed that a travel chain should be created that is ubiquitous, flexible, seamless, trusted, and intelligent, based on the intelligent Transportation as a Service concept (iTaaS) and new critical infrastructures in China with international competitiveness such as the BeiDou satellite navigation system and 5G technology. Moreover, it is also necessary to strengthen the independent innovation and integration of key technologies, establish an Internet of Vehicles with intelligent and precise control while developing intelligent connected vehicles, cultivate an industrial ecology for the Internet of Vehicles, and strengthen policy guarantees.