Global sales of fully electric and plug-in hybrid vehicles (PHEVs) rose 12% in March versus the same month in 2023, with growth in China and the U.S. market partly offset by a 9% drop in Europe, market research firm Rho Motion said on Friday. "Overall, sales growth has slowed but it's still somewhat positive," Charles Lester, data manager at Rho Motion, told Reuters. Sales demand for electric cars has cooled in recent months after rising dramatically for several years, as consumers wait for more affordable models to hit the market.
The global electric vehicle (EV) market suffered a dramatic collapse in January 2023 sales, due to cuts in subsidies and tax credits across Europe and mainland China
DEEP LEARNING
According to ARK, Deep Learning could be the most important software breakthrough of our time. According to ARK s research, deep learning will add $30 trillion to the global equity market capitalization during the next 15-20 years. Deep Learning is creating the next generation of computing platforms including:
Conversational computers: Powered by AI, smart speakers answered 100 billion voice commands in 2020, 75% more than in 2019.
Self-driving cars: Waymo s autonomous vehicles have collected more than 20 million real-world driving miles across 25 cities, including San Francisco, Detroit, and Phoenix.
Consumer apps: TikTok, which uses deep learning for video recommendations, has outgrown Snapchat and Pinterest combined.