Car stock projection is essential to evaluating the energy and environmental impacts of private cars in China. Since the private car ownership rate in China has not reached its saturation level, limited and outdated data used in previous studies has resulted in high uncertainties regarding the functions of car ownership and significantly reduced the robustness of the projection of private car stocks. In this work, we estimate China's current growth pattern of private car ownership by analyzing more than 6300 pairs of private car ownership and income data collected from various official statistics at the national, provincial, and city levels in the period of 1997-2017. The dataset covers a much wider per-capita disposable income range than national-level data alone and allows us to make satisfactory projections of private car stocks in China up to 2040. We project that the private car stock in China could reach 403 million in 2040, if the current growth pattern of car ownership continues. Significant discrepancies in private car ownership curves are observed for cities with and without car sales restrictions. Without car sales restrictions, we estimate that the private car stock would be even higher at 455 million by 2040, demonstrating the effectiveness of the current restriction policy in controlling car stocks in China. We further quantify the potential impacts of car sales restrictions on future car stock levels by implementing hypothetical national car sales caps. Results show that, although the private car stocks would still continue to grow before 2030, the stock levels would be stable at ~ 280 and ~ 350 million by 2040 for scenarios of 20 and 25 million sales caps, respectively. The impact of private car stock growth on energy consumption in China is also examined. Pump-to-wheels energy consumption of the private car fleet is projected to be 131, 147, 90, and 113 million tonnes of oil equivalent by 2040 for scenarios of the current growth pattern, no sales restriction, the 20 million sales cap, and the 25 million sales cap, respectively. Analysis reveals that private car sales restriction and vehicle population growth control could be an effective strategy for energy consumption reduction (thus greenhouse gas emission mitigation) in China, although the development of the automotive industry may be restrained.