What is the Motor Vehicle Ownership?
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Motor vehicle ownership refers to the number of vehicles owned in a specific region, typically those registered locally. However, motor vehicle ownership differs from car ownership, as it includes motorcycles, agricultural vehicles, and other types of motorized vehicles. Below is additional information: Relevant regulations: According to the Traffic Management Bureau of the Ministry of Public Security on July 16, 2018, as of the end of June, the national motor vehicle ownership reached 319 million. It was reported that in the first half of 2018, newly registered motor vehicles amounted to 16.36 million, higher than the 15.94 million registered in the same period the previous year. The ownership of new energy vehicles reached 1.99 million, private car ownership reached 180 million, and since 2018, the monthly average increase in ownership has been 1.66 million, maintaining rapid and continuous growth.