About HS Code 870124
This HS code covers road tractors specifically designed for pulling semi-trailers, powered exclusively by electric motors. This is a rapidly evolving segment within the heavy-duty vehicle market, driven by global efforts to reduce carbon emissions and improve air quality in urban centers. Key players in this trade include innovative electric vehicle manufacturers and established truck brands transitioning their product lines. Importers are typically large logistics companies, freight carriers, and port authorities looking to electrify their fleets, often incentivized by government subsidies and environmental regulations. Exporters are concentrated in countries with advanced automotive manufacturing and strong R&D in battery and electric powertrain technologies. Key considerations in this trade include battery range, charging infrastructure availability, payload capacity, and total cost of ownership compared to traditional diesel counterparts.
Products Under This Code
Electric semi-trucks, battery-electric road tractors, zero-emission semi-trailer haulers, electric terminal tractors, heavy-duty electric prime movers, electric yard spotters
Real World Examples
Tesla Semi, Volvo VNR Electric, Freightliner eCascadia, Nikola Tre BEV
Common Misclassification
This code can be confused with 870129 (road tractors with other propulsion methods) if the electric-only propulsion isn't clearly identified, or 8704 (motor vehicles for transport of goods) if not recognized as a tractor for semi-trailers.
Products Classified Under 8701.24
Industry
This code belongs to the Automotive & Vehicles industry.
Trade Overview
Countries with strong electric vehicle manufacturing capabilities and ambitious emission reduction targets, such as the USA, China, and EU nations, are leading in import/export.
Frequently Asked Questions
What is HS code 870124?
HS code 870124 covers: Tractors; road tractors for semi-trailers, with only electric motors for propulsion. This HS code covers road tractors specifically designed for pulling semi-trailers, powered exclusively by electric motors. This is a rapidly evolving segment within the heavy-duty vehicle market, driven by global efforts to reduce carbon emissions and improve air quality in urban centers. Key players in this trade include innovative electric vehicle manufacturers and established truck brands transitioning their product lines. Importers are typically large logistics companies, freight carriers, and port authorities looking to electrify their fleets, often incentivized by government subsidies and environmental regulations. Exporters are concentrated in countries with advanced automotive manufacturing and strong R&D in battery and electric powertrain technologies. Key considerations in this trade include battery range, charging infrastructure availability, payload capacity, and total cost of ownership compared to traditional diesel counterparts.
What products fall under HS code 870124?
Electric semi-trucks, battery-electric road tractors, zero-emission semi-trailer haulers, electric terminal tractors, heavy-duty electric prime movers, electric yard spotters
What are common misclassifications for HS code 870124?
This code can be confused with 870129 (road tractors with other propulsion methods) if the electric-only propulsion isn't clearly identified, or 8704 (motor vehicles for transport of goods) if not recognized as a tractor for semi-trailers.
How is HS code 870124 structured?
HS code 870124 is a 6-digit subheading under the Harmonized System. The first 2 digits (87) identify the chapter, digits 3-4 (01) identify the heading, and digits 5-6 (24) specify the subheading. This code is standardized globally by the World Customs Organization.