Copyright FOURIN, Inc. 2023
Taiwan’s Motor Vehicle Ownership in 2020
Taiwan’s automobile ownership volume stood at 8.17 million units as of the end of September 2020 while ownership rate was 347 units per 1,000 people. Both ownership volume and rate continue to rise moderately. Looking at the breakdown of automobile ownership volume, passenger vehicles accounted for 6.97 million units, light trucks for 941,000 units and heavy trucks for 167,000 units.
Motorcycle ownership volume stood at 14.08 million units while ownership rate was 598 units per 1,000 people. After ownership rate declining between 2011 and 2015, it began to grow again in 2016, returning to a level approaching 600 units per 1,000 people by 2020.
Looking at the number of vehicles owned in Taiwan by fuel type, ICEVs (internal combustion engine vehicles) accounted for 97.6% of all passenger vehicles. Although this figure is overwhelming, with the growing popularity of HEVs, the number of ICEVs owned has peaked since around 2018. The number of HEVs and PHEVs owned was 126,000 units as of the end of December 2019 and 153,000 units as of the end of September 2020. In the last two years, HEV and PHEV ownership has increased at a pace of 20,000 to 30,000 units a year. The number of BEVs owned was 9,391 units as of the end of September 2020. Electric passenger vehicles (HEVs, PHEVs, and BEVs) accounted for 2.3% of Taiwan’s total passenger vehicle ownership.