With the increase in vehicle models and the improvement of supporting infrastructure such as charging stations, consumers' willingness to purchase electric vehicles is also rising, leading to an increase in global electric vehicle sales in recent years.

A recent report released by a market research institution shows that 5.39 million electric vehicles were sold globally in the third quarter of this year, a year-on-year increase of 31%.

According to the market research report, nearly 70% of the new electric vehicles sold globally in the third quarter were pure electric vehicles, reaching 3.71 million units, a year-on-year increase of 48%. Sales of plug-in hybrid electric vehicles also increased year-on-year, reaching 1.67 million units, a year-on-year increase of 4%.

For the whole year, the market research institution predicts that global electric vehicle sales will reach 20.43 million units, a year-on-year increase of 25%, and a significant increase compared to last year. This is mainly due to the strong performance in the third quarter and the efforts of automakers in the fourth quarter to achieve their annual targets.

While global electric vehicle sales increased year-on-year in the third quarter of this year, there are also concerns. The United States, a major global market for electric vehicles, ended its long-standing $7,500 federal tax credit in the third quarter. Many consumers with purchasing needs seized this opportunity to buy, boosting sales in the US market. However, market research institutions believe that the discontinuation of the $7,500 federal tax credit for electric vehicles in the US may weaken demand. Changes in subsidies and incentive programs in other markets may also have an adverse impact. Nevertheless, market research institutions believe that regardless of changes in subsidies and incentives, the global automotive market's trend towards electrification will not change.