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Dangerous driving behavior will cause serious traffic accidents, which will not only threaten life and property but also cause traffic congestion and reduce road capacity. Speed detection is an important detection method to identify whether a driver is driving dangerously. Traditional speed detection methods need additional sensors, which will increase the cost of speed measurement. This paper proposes a vehicle speed estimation algorithm based on the imaginary projection plane (IPP). The IPP will be established according to the height, field angle, and vertical tilt angle of the camera and will be used to establish the mapping relationship between the world coordinates and image coordinates of the vehicle. By combining YOLOv4 and DeepSORT, the vehicle license plate is detected and tracked, and the center point of the vehicle license plate is taken as the feature point of vehicle speed estimation. The vehicle speed is estimated according to the IPP.