HI HB1620

Increases the environmental response, energy, and food security tax (barrel tax) on petroleum products, with the new rate left blank for determination, up from the current $1.05 per barrel

Raises the portion of the barrel tax deposited into the electric vehicle charging system subaccount, currently at 3 cents per barrel, to an unspecified higher amount

Requires the Public Utilities Commission to transfer an unspecified sum from the hydrogen fueling system subaccount to the electric vehicle charging system subaccount on July 1, 2026

Expands the EV charging system rebate program, which has already facilitated installation of over 450 charging systems at multi-unit dwellings, workplaces, and commercial areas

Addresses Hawaii's status as a leader in EV adoption but lagging in public charging infrastructure availability, with the goal of improving access for renters, condominium residents, and lower-income communities