When it comes to electrically powered vehicles, storage batteries play a crucial role in providing the primary source of electrical power. One such type of battery is categorized under HS Code 85078040, which pertains to "Other storage batteries nesi, of a kind used as the primary source of electrical power for electrically powered vehicles of 8703.90". In this article, we will delve into the details of this HS code, including its description, duty rates, special tariff preference programs, and importing/exporting states in the United States.
The HS code 85078040 classifies storage batteries that are specifically designed to be used as the primary power source for electrically powered vehicles. These batteries, although referred to as "Other storage batteries nesi," are essential for powering electric vehicles and ensuring their smooth operation. They fall under the broader category of electric storage batteries (HS Code 8507) but are specifically intended for electric vehicles classified under HS Code 8703.90.
When importing goods classified under HS Code 85078040, a 3.4% bound/MFN (Most Favored Nation) duty rate is applicable. 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 duty rate ensures fair and equal treatment for all countries involved in trade activities related to these storage batteries for electric vehicles.
Several special tariff preference programs are available for goods classified under HS Code 85078040. These programs provide certain countries with preferential treatment, including duty-free access to the respective markets. The following countries and programs offer special rates for importing storage batteries for electric vehicles:
These special tariff preference programs aim to promote trade and cooperation between countries by reducing or eliminating import duties on specific goods. By availing these programs, countries can encourage the importation of storage batteries for electric vehicles, thereby promoting sustainable transportation alternatives.
When it comes to importing storage batteries classified under HS Code 85078040 into the United States, the following states are involved:
These states play a significant role in the importation and distribution of storage batteries for electric vehicles. They serve as key hubs for the electric vehicle industry in the United States, contributing to the growth of sustainable transportation options.
While the exporting states within the United States are not specified in the available data, it is important to note that the demand for storage batteries for electric vehicles is not limited to domestic consumption. These batteries are exported to various countries around the world, catering to the global market's need for electric vehicle power solutions.
HS Code 85078040 encompasses other storage batteries for electric vehicles, serving as the primary power source. These batteries are crucial for the operation and advancement of electrically powered vehicles. Understanding the HS code, duty rates, special tariff preference programs, and the involvement of specific states in importing these batteries helps promote trade, sustainability, and the adoption of electric vehicles worldwide.