From the explosion of AI chatbots to the decline of certain social media platforms, this past year has been a wild ride in the world of tech. Without further ado, here are my top five tech trends of 2023:
5. Growing Interest in Electric Vehicles
Back in 2022, California became the first state in the nation to ban the sale of new gas-engine vehicles by 2035 – and other states intend to follow in its footsteps. The U.S. Department of Transportation also set landmark fuel economy standards requiring an industry-wide fleet average of 49 miles per gallon by model year 2026. That’s 33% more miles per gallon than 2021 vehicles!
Automakers have seen the writing on the wall. The future is electric, and they’re all vying for their share of the market.
Consumer interest continues to grow, as well. A survey done in June 2023 found that 63% of consumers are considering an EV, up from 57% in 2021. In fact, a record one million fully electric vehicles were purchased by Americans in 2023.
So what’s happening? A nearly 20% drop in average EV prices this year – led by Tesla – is driving industry-wide price moderation. Plus, by the second half of this year, there were 40% more EV models available for sale in the U.S. compared to 2022. With growing inventory and availability, EV prices are bound to continue moving toward the overall auto industry average, making electric vehicles an increasingly attractive option.
Ford and GM have also recently announced that they’re partnering with Tesla to use Tesla’s proprietary charging plug design as well as its vast network of Supercharging stations nationwide. Since fear about charging station availability is one of the biggest obstacles to EV adoption, this is great news for consumers as the automotive landscape continues to shift away from fossil fuels!
4. Quantum Computing Advancements
This summer marked a huge leap forward in quantum computing when one of IBM’s quantum systems outperformed a conventional supercomputer in solving a complex physics problem. What scientists were able to do is manage the inherent unreliability that’s been a persistent issue with quantum processors thus far.
Could this be what eventually ushers in the age of quantum supremacy? That remains to be seen, but we’re off to the races for sure…
For starters, the U.S. House of Representatives recently introduced a bipartisan bill for a $3.6 billion reauthorization of the National Quantum Initiative Act. Major players in the tech space like Google and Baidu are investing heavily in quantum as well, and there’s a growing ecosystem of startups hoping to be among the first to drive new quantum applications as the technology breaks new ground.