Requirements governing electric vehicle surcharges and electricity as vehicle fuel taxes modified, taxes imposed, and tax credit established.

This bill establishes new registration fees for electric and plug-in hybrid vehicles in Minnesota while creating a tax credit for installing home charging equipment. Electric vehicle owners will pay an annual surcharge based on vehicle price or age, with exemptions for those who charge at home using electricity already taxed for vehicle fuel. Plug-in hybrids face a lower surcharge, and the revenue from both fees goes to the highway user tax distribution fund. Additionally, the bill provides a refundable tax credit to offset costs of installing residential electric meters for vehicle charging.