Intelligent transportation systems (ITS) have recently evolved rapidly, which requires development of highly trustworthy and effective communication technologies for uses, including vehicle-to-vehicle (V2V) and vehicle-to-everything (V2X) communication; where Orthogonal Frequency Division Multiplexing (OFDM) is regarded as a strong candidate and highly popular option technique among these methods. However, the movement of vehicles introduces Doppler frequencies which produce inter-carrier interference (ICI), that is frequently occurs in V2X channels. This interference has the potential to compromise the integrity of subcarrier orthogonality within OFDM, leading to lower-quality communication and an increased likelihood of data transmission errors. When employing channels with doubly dispersive fading, OFDM necessitates the usage of a complex equalization based on the minimum mean-square error (MMSE) equalizer, which requires channel matrix inversion. Several low-complexity equalizers for OFDM have been developed and are based on band factorization, time domain LSQR (Least-Square QR) iterative computing, and banded minimum mean squared error (BMMSE). This paper proposes Conjugate Gradient Least Squares (CGLS), which is a novel iterative computation algorithm integrated with nonlinear equalizers. The suggested nonlinear equalization technique determines the trade-off between computations and performance. According to simulation data, the suggested nonlinear equalizer performs better than the current BMMSE and linear CGLS algorithms across doubly dispersive fading channels.