Imposes additional annual registration fee for electric vehicles; reduces rate of highway fuel taxes; authorizes DOT to conduct alternative revenue feasibility study.

Provides greater tax fairness between the owners of gas powered vehicles and electric vehicles. Establishes an additional annual registration fee for electric vehicles, provides for a reduction in the State tax on highway fuels under both the Petroleum Products Gross Receipts (PPGR) Tax and the Motor Fuels Tax, and require the Department of Transportation to study and make recommendations concerning the dedication of alternative sources of revenue to the Transportation Trust Fund.

Pending Committee action. Same as SB 2821.

02/27/2024 Introduced, Referred to Assembly Committee on Transportation and Independent Authorities.