The Vercel team is updating their `v0` service to use a metered pricing model based on input and output tokens, which convert to credits. This change aims to provide more predictable pricing as users grow and increases the amount of usage available on their free tier. Existing `v0` users will transition to the new pricing at the start of their next billing period, while new users will start using the improved pricing today. The updated model includes included monthly credits for each plan type, with varying amounts based on plan level. Users can track their usage and remaining credits in their settings page, and team owners can monitor usage across their entire team. The change also introduces a more dynamic pricing structure, where different actions cost varying amounts based on input and output tokens.