HI SB2691

Establishes a Clean Vehicle Rebate Program administered by the Department of Transportation offering $5,000 for new zero-emission vehicles, $2,500 for new plug-in hybrids, $2,000 for used zero-emission vehicles, and $1,000 for used plug-in hybrids.

Provides an additional $3,000 rebate for low- and moderate-income households on top of the standard rebate amounts.

Sets eligibility caps at $60,000 manufacturer's suggested retail price for new vehicles and $3,000-$25,000 sale price for used vehicles, with plug-in hybrids requiring at least 40 miles of electric range.

Creates the Clean Vehicle Special Fund to finance the rebate program, with administrative costs limited to 10% of fund deposits annually.

Requires the Department of Transportation to develop an implementation plan by December 31, 2026, with the program taking effect January 1, 2027, and mandates annual legislative reports on rebates issued, revenues, and program impacts.