About HS Code 870340
This category encompasses conventional (self-charging) hybrid electric vehicles (HEVs) that combine a spark-ignition (petrol) internal combustion engine with an electric motor for propulsion, but crucially, cannot be charged by plugging into an external power source. These vehicles represent a significant segment of the global automotive market, offering improved fuel efficiency and lower emissions compared to pure internal combustion engine vehicles, especially in urban driving conditions. Major players in both manufacturing and consumption include countries with strong environmental policies and consumer demand for fuel-efficient options. The trade in these vehicles reflects a global effort to transition towards more sustainable transportation, serving as a stepping stone before widespread adoption of plug-in or fully electric models.
Products Under This Code
Hybrid sedans, hybrid SUVs, hybrid compact cars, hybrid minivans, hybrid crossovers, hybrid hatchbacks
Real World Examples
Toyota Prius, Honda CR-V Hybrid, Lexus RX 450h, Hyundai Santa Fe Hybrid, Ford Maverick Hybrid
Common Misclassification
Often confused with 870360 (Plug-in Hybrid Electric Vehicles - PHEVs) due to both having petrol engines and electric motors, but 870340 cannot be externally charged.
Products Classified Under 8703.40
Industry
This code belongs to the Automotive & Vehicles industry.
Trade Overview
Japan and the USA are major players in both the production and consumption of these self-charging petrol hybrid vehicles.
Frequently Asked Questions
What is HS code 870340?
HS code 870340 covers: Vehicles; with both spark-ignition internal combustion piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power. This category encompasses conventional (self-charging) hybrid electric vehicles (HEVs) that combine a spark-ignition (petrol) internal combustion engine with an electric motor for propulsion, but crucially, cannot be charged by plugging into an external power source. These vehicles represent a significant segment of the global automotive market, offering improved fuel efficiency and lower emissions compared to pure internal combustion engine vehicles, especially in urban driving conditions. Major players in both manufacturing and consumption include countries with strong environmental policies and consumer demand for fuel-efficient options. The trade in these vehicles reflects a global effort to transition towards more sustainable transportation, serving as a stepping stone before widespread adoption of plug-in or fully electric models.
What products fall under HS code 870340?
Hybrid sedans, hybrid SUVs, hybrid compact cars, hybrid minivans, hybrid crossovers, hybrid hatchbacks
What are common misclassifications for HS code 870340?
Often confused with 870360 (Plug-in Hybrid Electric Vehicles - PHEVs) due to both having petrol engines and electric motors, but 870340 cannot be externally charged.
How is HS code 870340 structured?
HS code 870340 is a 6-digit subheading under the Harmonized System. The first 2 digits (87) identify the chapter, digits 3-4 (03) identify the heading, and digits 5-6 (40) specify the subheading. This code is standardized globally by the World Customs Organization.