Institution: Q1 global electric vehicle traction inverter installations show resilience in the off-season, with high voltage becoming the main development focus.

According to the latest research on electric vehicle traction inverters by TrendForce, the first quarter of 2026 is the traditional off-season for the automotive market, with a global traction inverter installed capacity of approximately 6.82 million units, a slight growth of 1.9% compared to the same period in 2025 with 6.69 million units. The overall momentum of electrification shows no significant decline, demonstrating the market's stability and resilience during the off-season. In terms of annual trends, the installed capacity for the full year of 2025 reached approximately 32.35 million units, an 18.9% growth from 27.21 million units in 2024. It is estimated that in 2026, it will rise to 36.4 million units, with a year-on-year increase of 12.5%.