Plain English Breakdown
The bill summary and official text do not provide specific details about the calculation method for inflation adjustment starting in 2028, leaving this as an open question.
Clarifying Definition of Hybrid Electric Vehicles
This bill changes how Tennessee defines hybrid electric vehicles and sets rules for their registration fees.
What This Bill Does
- Defines a 'hybrid electric vehicle' as one that uses both an electric motor and an internal combustion engine or another power source.
- Excludes low speed and medium speed vehicles from the definition of hybrid electric vehicles.
- Keeps existing additional registration fees for hybrid electric vehicles at $100 until December 31, 2027.
- Adjusts the fee by inflation starting January 1, 2028.
Who It Names or Affects
- Owners of hybrid electric vehicles in Tennessee
- State agencies responsible for vehicle registration and titling
Terms To Know
- Hybrid Electric Vehicle
- A car that uses both an electric motor and a gasoline engine to power the vehicle.
- Low Speed Vehicle
- A small, low-speed vehicle like a golf cart or neighborhood electric vehicle.
Limits and Unknowns
- The bill does not change fees for all-electric vehicles.
- It is unclear how the inflation adjustment will be calculated after January 1, 2028.
- The exact impact on state revenue from hybrid electric vehicle registration fees is unknown.