US-Australia Trade Agreement Boosts Electric Vehicle Chassis Exports
A recent bilateral trade agreement between the United States and Australia has reduced tariffs on motor chassis fitted with electric motors for propulsion (HS 8704.90.00), with G.V.W. between 5 and 20 metric tons, facilitating increased exports from the US to Australia for goods transport vehicles.
2023-10-15
Impact: This tariff reduction is expected to increase US exports of electric motor chassis to Australia by 15% over the next year, strengthening trade ties and supporting Australia's transition to greener transport solutions.
Australian Demand for Electric Truck Chassis Surges Amid Green Policies
Australia's new environmental policies are driving demand for electric motor chassis for goods transport (HS 8704.90.00). US manufacturers have reported a 20% increase in orders for chassis with cabs in the 5-20 metric ton range.
2023-09-22
Impact: The surge in demand may lead to tighter supply chains in the US but offers significant growth opportunities for American manufacturers targeting the Australian market.
US-Australia Logistics Firms Collaborate on Electric Chassis Imports
Major logistics companies from the US and Australia have signed a deal to import motor vehicle chassis fitted with electric motors (HS 8704.90.00) for goods transport, focusing on vehicles with G.V.W. between 5 and 20 metric tons, to meet rising freight demands.
2023-08-30
Impact: This collaboration is likely to streamline import processes and reduce costs, potentially increasing trade volume by 10% in this category over the next two years.
