Vehicle density covers private vehicles, including passenger vehicles, trucks, and other. Oil demand and imports in China have increased significantly as private passenger vehicle sales and use have increased. Sales of private passenger vehicles have grown by 29% annually over the past 13 years, which has increased gasoline consumption in China. China is currently the world’s second-largest oil consumer, behind the United States. Increased sales have mainly been focused in China’s wealthier, eastern provinces, where some provinces have now instituted policies to limit vehicle ownership. In other parts of the nation, the central government has encouraged policies to increase incomes, which will likely lead to increased vehicle use and energy consumption. The distribution of China’s current vehicle market generally reflects the regional differences in household and disposable incomes across the country. As of 2012, per capita […]