For the purpose of making the amount of plug-in electric motor vehicle registration fees roughly equal to the combined amount of registration fees and motor fuel taxes levied on motor vehicles powered by internal combustion engines, the bill authorizes the high-performance transportation enterprise to impose the following fees upon the registration of a plug-in electric motor vehicle:
- An inflation-indexed surface transportation infrastructure equivalent use fee to be imposed at a maximum initial rate of $120 and thereafter indexed to inflation; and
- A longevity fee that annually increases for each year in which a vehicle is in service until the vehicle reaches its 18th year of service.
Fee proceeds are credited to the statewide transportation enterprise special revenue fund for use by the high-performance transportation enterprise in funding surface transportation infrastructure projects.
(Note: This summary applies to this bill as introduced.)