Based on a survey conducted by TrendForce, propelled by the expansion of the new - energy vehicle market, the global total installation volume of electric vehicle traction inverters hit 8.35 million units in the third quarter of 2025. This marks a year - on - year increase of 22%. Notably, Battery Electric Vehicles (BEVs) and Plug - in Hybrid Electric Vehicles (PHEVs) served as the primary growth engines. Their installation growth rates stood at 36% and 13.6% respectively.
