New Jersey A2727 imposes an annual registration fee for electric vehicles, reduces highway fuel taxes, and mandates a study on alternative revenue.

New Jersey A2727 introduces an additional annual registration fee for electric vehicles, setting it at $300 for passenger electric vehicles and $450 for commercial electric vehicles starting from July 1, 2025. The bill also reduces the rate of highway fuel taxes, lowering the tax on gasoline from 10.5 cents to 7 cents per gallon and on diesel from 13.5 cents to 9 cents per gallon.

New Jersey A2727 imposes an annual registration fee for electric vehicles, reduces highway fuel taxes, and mandates a study on alternative revenue.

New Jersey A2727 introduces an additional annual registration fee for electric vehicles, setting it at $300 for passenger electric vehicles and $450 for commercial electric vehicles starting from July 1, 2025. The bill also reduces the rate of highway fuel taxes, lowering the tax on gasoline from 10.5 cents to 7 cents per gallon and on diesel from 13.5 cents to 9 cents per gallon.