Lead-acid storage batteries are an essential component when it comes to powering electric vehicles. These batteries serve as the primary source of electrical power for vehicles falling under the HS code 8703.90. The specific HS code for lead-acid storage batteries used in electrically powered vehicles is 85072040.
When importing lead-acid storage batteries for electric vehicles into the United States, it is important to be aware of the relevant trade regulations and tariffs. The bound / MFN duty rate for these batteries is 3.5%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for lead-acid storage batteries is measured in numbers (NO). This indicates the number of batteries being imported or exported.
There are several special tariff preference programs that apply to lead-acid storage batteries for electric vehicles. These programs offer preferential treatment in terms of duty rates. The following countries and regions have duty-free treatment for such batteries:
It is important for importers and exporters to take advantage of these special tariff preference programs, as they can significantly reduce the cost of importing or exporting lead-acid storage batteries for electric vehicles.
When it comes to importing lead-acid storage batteries for electric vehicles into the United States, the states of Washington and Nevada are particularly active in this trade. These states have a high demand for electric vehicles and rely on the import of batteries to meet this demand.
Overall, the HS code 85072040 plays a crucial role in identifying and classifying lead-acid storage batteries for electrically powered vehicles. Importers and exporters should be aware of the relevant trade regulations, tariff rates, and special tariff preference programs to ensure smooth and cost-effective trade in these batteries.