Abstract With the development of mobile edge computing technology, edge caching provides a feasible solution for low‐latency and high‐reliability data forwarding in the Internet of Vehicles (IoV). Due to the limited number and storage capacity of the edge servers, and the limited communication range of a single vehicle, the delay and connection requirements are hard to be satisfied. A vehicle clustering based edge caching scheme is proposed in this paper, aiming at minimizing the content acquisition delay of the requesting vehicles (RVs) within the communication range of the edge servers. After getting the optimal vehicle association results, the minimization of content acquisition delay is transformed into a knapsack problem, which is then solved by a dynamic programming algorithm to obtain the optimal cache decisions. Simulation results show that the proposed scheme reduces task acquisition delay by at least about 100 s and increases the cache hit rate by about 50%, compared with the random cache scheme.