Shanghai had a total vehicle population of 3.09 million units at the end of 2010, an increase of 8.7% from a year earlier, according to Shanghai Statistics Bureau yesterday.
That includes 1.7 million autos, 1.29 million motorcycles, in addition to trailers and other types of vehicles.
The bureau said autos owned by individuals rose rapidly to 1.03 million units by the end of 2010 with an annual 22% growth, fueled by government incentives such as favorable tax on small cars to boost vehicle consumption.
New car registrations surged 50% to 337,900 units last year.
Source 2: YCC Weekly E-News for Transport & Climate Change in China. email@example.com