Increases tax on petroleum products to fund electric vehicle charging infrastructure in Hawaii.

This bill increases the tax on petroleum products to fund the electric vehicle charging system rebate program. The tax, known as the "barrel tax," will increase from $1.05 to $1.15 per barrel. A portion of this tax will be allocated to the electric vehicle charging system subaccount to support the installation of charging systems. The bill aims to expand the electric vehicle charging infrastructure, making electric vehicles more accessible and affordable for residents, thereby reducing reliance on fossil fuels and promoting environmental sustainability.

Increases tax on petroleum products to fund electric vehicle charging infrastructure in Hawaii.

This bill increases the tax on petroleum products to fund the electric vehicle charging system rebate program. The tax, known as the "barrel tax," will increase from $1.05 to $1.15 per barrel. A portion of this tax will be allocated to the electric vehicle charging system subaccount to support the installation of charging systems. The bill aims to expand the electric vehicle charging infrastructure, making electric vehicles more accessible and affordable for residents, thereby reducing reliance on fossil fuels and promoting environmental sustainability.