About HS Code 870240
This HS code encompasses fully electric public transport vehicles designed to carry ten or more people, including the driver. These vehicles are at the forefront of the global shift towards zero-emission transportation, playing a vital role in urban sustainability initiatives. Key importers are cities and municipalities worldwide committed to reducing air pollution and noise, often supported by government subsidies and environmental mandates. Major exporters are countries with strong electric vehicle manufacturing capabilities and advanced battery technology. Trade in these vehicles is heavily influenced by battery range, charging infrastructure availability, and total cost of ownership. The market is experiencing rapid growth, driven by technological advancements and increasing environmental awareness, making electric buses and coaches a high-demand commodity in international trade.
Products Under This Code
Electric city bus, Electric intercity coach, Electric school bus, Electric airport shuttle, Electric articulated bus, Electric double-decker bus, Electric mini-bus
Real World Examples
BYD K9, Proterra Catalyst, VDL Citea Electric, Yutong E12, Solaris Urbino 12 Electric
Common Misclassification
This code is distinct from 870230 (hybrid diesel-electric public transport vehicles) because it specifies *only* an electric motor for propulsion, lacking any internal combustion engine.
Products Classified Under 8702.40
Industry
This code belongs to the Automotive & Vehicles industry.
Trade Overview
China is a dominant exporter, with European countries and North America being major importers due to strong environmental policies.
Frequently Asked Questions
What is HS code 870240?
HS code 870240 covers: Vehicles; public transport type (carries 10 or more persons, including driver), with only electric motor for propulsion, new or used. This HS code encompasses fully electric public transport vehicles designed to carry ten or more people, including the driver. These vehicles are at the forefront of the global shift towards zero-emission transportation, playing a vital role in urban sustainability initiatives. Key importers are cities and municipalities worldwide committed to reducing air pollution and noise, often supported by government subsidies and environmental mandates. Major exporters are countries with strong electric vehicle manufacturing capabilities and advanced battery technology. Trade in these vehicles is heavily influenced by battery range, charging infrastructure availability, and total cost of ownership. The market is experiencing rapid growth, driven by technological advancements and increasing environmental awareness, making electric buses and coaches a high-demand commodity in international trade.
What products fall under HS code 870240?
Electric city bus, Electric intercity coach, Electric school bus, Electric airport shuttle, Electric articulated bus, Electric double-decker bus, Electric mini-bus
What are common misclassifications for HS code 870240?
This code is distinct from 870230 (hybrid diesel-electric public transport vehicles) because it specifies *only* an electric motor for propulsion, lacking any internal combustion engine.
How is HS code 870240 structured?
HS code 870240 is a 6-digit subheading under the Harmonized System. The first 2 digits (87) identify the chapter, digits 3-4 (02) identify the heading, and digits 5-6 (40) specify the subheading. This code is standardized globally by the World Customs Organization.