New York S02490 creates a feebate program for medium and heavy duty vehicles, levying efficiency fees or rebates based on fuel economy ratings.

New York S02490 amends the vehicle and traffic law to establish a feebate program for medium and heavy duty vehicles. The program imposes efficiency fees on vehicles with fuel economies below 10 MPG or MPGe, and provides efficiency rebates for vehicles achieving higher fuel economies. The commissioner of motor vehicles is tasked with levying these fees and rebates, and with conducting an educational campaign to inform stakeholders about the program. The commissioner must also annually review and recommend adjustments to the program to maintain revenue neutrality.

New York S02490 creates a feebate program for medium and heavy duty vehicles, levying efficiency fees or rebates based on fuel economy ratings.

New York S02490 amends the vehicle and traffic law to establish a feebate program for medium and heavy duty vehicles. The program imposes efficiency fees on vehicles with fuel economies below 10 MPG or MPGe, and provides efficiency rebates for vehicles achieving higher fuel economies. The commissioner of motor vehicles is tasked with levying these fees and rebates, and with conducting an educational campaign to inform stakeholders about the program. The commissioner must also annually review and recommend adjustments to the program to maintain revenue neutrality.