HI HB1415

Requires the Public Utilities Commission to design and administer an Electric Vehicle Charging System Loan Program in consultation with electric vehicle stakeholders and the Hawaii State Energy Office.

Eligible applicants include low- to moderate-income homeowners and existing or new affordable housing developments that install alternating current level 2 charging stations or direct current fast charging systems.

Loans bear zero interest for the first five years, then a maximum of three percent simple interest thereafter.

Establishes the Electric Vehicle Charging System Loan Revolving Fund to be funded by federal funds, legislative appropriations, private contributions, loan repayments, and accrued interest.

Appropriates funds from general revenues for fiscal year 2023-2024 to establish the revolving fund and provide initial loans under the program.