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China’s private car parc surpasses 200 million, NEV parc tops 3.8 million

UPDATE

China’s population surpassed 1.4 billion by the end of 2019, according to data released by the National Bureau of Statistics on January 17. Urban resident population reached 848.43 million people, meaning that China’s urbanization rate had surpassed 60 percent, reaching 60.6 percent.

BEIJING – China now has more than 200 million private cars on the roads, according to data released by the Ministry of Public Security on January 7.

The country’s private car parc reached 207 million as of the end of 2019, growing at an average rate of 19.66 million units over the last five years.

These types of vehicles accounted for about 94 percent of the total passenger vehicle parc of 220 million units, which increased by 19.26 million units in 2019, up 9.37 percent year-on-year.

New energy vehicle parc reached 3.81 million units as of the end of 2019, accounting for about 1.5 percent of the 260 million automobiles on the roads, which represented an increase of about 21.22 million units compared to the number at the end of 2018. NEV parc grew 1.2 million units in 2019, up 46.05 percent year-on-year. Battery electric vehicle parc reached 3.1 million units, accounting for 81.2 percent of the NEV parc, which grew at a rate of more than 1 million units for two consecutive years from 2018 to 2019.

Overall, China had 348 million motor vehicles on the roads by the end of 2019, including 32.14 million units newly registered during the year. Newly registered automobiles reached 25.78 million units, which meant that about 4.56 million vehicles were scrapped during the year. The number of licensed motor vehicle and automobile drivers reached 435 million and 397 million, respectively.

A total of 66 cities in China had automobile parc of more than 1 million units by the end of 2019, and nearly half of those cities (30) had automobile parc of over 2 million units. Beijing, Chengdu, Chongqing, Suzhou, Shanghai, Zhengzhou, Shenzhen, Xi’an, Wuhan, Dongguan and Tianjin were the 11 cities with automobile parc of more than 3 million units.

A total of 25.74 million motor vehicles changed hands in 2019. That total included 24.44 million automobiles, an increase of about 3.86 million units over 2018, or 18.76 percent. The ratio of vehicle transfers versus vehicle registrations has increased from 0.59 to 0.95 over the last five years, meaning that used vehicle transactions are picking up pace.

11 cities with automobile parc over 3 million (in million units)


NEVs parc 2015-2019 (in million units)

A total of 29.43 million motor vehicle drivers received their licenses in 2019, accounting for 6.76 percent of total licensed motor vehicle drivers as of the end of 2019.

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