HB2899 Summary

• Changes the Alternate Fuels Act's purpose from promoting "alternate fuel" vehicles to specifically encouraging "electric power" in vehicles to reduce global warming risks.

• Eliminates definitions for alternate fuels (LPG, natural gas, E85, biodiesel, hydrogen) and related terms, keeping only the definition for "electric vehicle."

• Removes the Department of Commerce and Economic Opportunity's authority to promulgate rules and eliminates provisions for OEM rebates and fuel cost differential rebates.

• Increases the maximum rebate per electric vehicle from $4,000 to $24,000 and changes limits from 150 vehicles per location to 15, and from 300 total to 30 total per owner over the program's life.

• Removes all provisions related to car sharing organizations and repeals Sections 20 and 24 entirely, refocusing the program exclusively on electric vehicle incentives.