Keep the Iowa Standard Going!
On another topic, the House passed House File 767 – Electric Vehicle Registration Fees. As the proliferation of electric vehicles increases it is important that we ensure that these users pay for their share of the roads they use. Currently the registration fee for an electric vehicle is very low compared to other vehicles of the same size. This bill seeks to increase the registration fee for an all-electric vehicle to $130 per year, and for a plug in hybrid electric vehicle to $65 per year. Additionally there will be excise taxes added for plug in electric vehicles of 2.6 cents per kilowatt/hour. This charge only applies when using a publicly available charging station, similar to using a gas pump. The excise tax will not be applied when charging at home. There will also be an excise tax on hydrogen fuel vehicles equating to 65 cents per gallon. All of these funds will be directed to the Road Use Tax Fund in the same manner as the existing gasoline tax, diesel tax, and registration fees are applied. The estimated impact on the Road Use Tax Fund for Fiscal Year 20 will be an increase of $185,000, but as these types of vehicles increase in use that amount will obviously grow.