Demand for Electric Vehicles Imports Continues to Rise in the U.S.

tendata blogTrade Data

ten data blog11-07-2023

Increased vehicle production is driving growth in U.S. auto sales after years of tight auto supply. In addition, pent-up consumer demand and growing fleet sales are seen as supporting growth. In a challenging industry environment, traditional automakers are making a significant shift to electric vehicles.

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U.S. Electric Vehicle Import Trends

In terms of trade trends, there has been a significant increase in U.S. Electric Vehicles imports from 2021 to 2023. the number of U.S. imported Electric Vehicles traded was 737 in 2021, 997 in 2022, and 494 in the first half of 2023, which is more than half of the number of trades in 2022; the second half of 2023 is expected to see a new wave of growth.

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U.S. Electric Vehicle Import Sources

Over the past year, the U.S. has partnered with a number of countries to import Electric Vehicles, primarily from: China (83.52%), South Korea (8.35%), France (5.15%), and other countries. Please see the chart below for details:

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Types of Electric Vehicles Imported into the U.S.

According to Tendata the 2022-2023 U.S. import data, the most imported electric vehicle categories in the U.S. are HS codes 870899 (1.55%), 870310 (1.09%), 9503001000 (0.23%), 732393 (0.15%) and others, in addition to traditional electric vehicles. These sub-categories create new opportunities for you.

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