HI HB2688

Establishes a clean vehicle special fund to receive tax revenue from gasoline-powered vehicles and appropriations, with funds used to provide rebates on new electric vehicles with a manufacturer's suggested retail price of $40,000 or less.

Imposes an additional excise tax on sales of gasoline-powered passenger cars and pickup trucks priced at $50,000 or more, with rates ranging from 1% to 3% based on fuel efficiency (3% for vehicles under 20 MPG, 2% for 20-24 MPG, 1% for 24-29 MPG).

Exempts vehicles used solely for commercial or agricultural purposes from the gasoline-powered vehicle tax.

Requires the chief energy officer of the Hawaii state energy office to develop and implement a plan by December 31, 2024, for distributing clean vehicle special fund proceeds to support electric vehicle purchases.

Takes effect on July 1, 2024.