Budget & Taxes (Fees & Licensing)

This bill imposes new annual registration fees for electric vehicles in New Jersey starting July 2025: $300 for passenger EVs and $450 for commercial EVs (defined as vehicles used for hire, compensation, or property transport). It simultaneously reduces highway fuel taxes - lowering gasoline tax from 10.5¢ to 7¢ per gallon and diesel tax from 13.5¢ to 9¢ per gallon. All fees and reduced fuel tax revenues will fund the Transportation Trust Fund. The bill also directs the Department of Transportation to conduct a feasibility study on alternative transportation revenue sources.

SCR 50 is a proposed constitutional amendment that would require any additional registration fee imposed on zero-emission vehicles (like electric cars) to be dedicated exclusively to New Jersey's transportation system starting July 1, 2025. It does not create the fee itself but mandates that if such a fee is implemented, all revenue from it must be deposited into the Transportation Trust Fund for transportation projects (e.g., roads, bridges, transit). The amendment ensures these funds cannot be used for any other purpose, such as general state spending. This applies only to fees on zero-emission vehicles, not standard registration fees for all vehicles.