Tax incentives and/or other incentives for drivers of electric vehicles in Cotton Plant.
HEV and EV owners must pay an annual fee in addition to other registration fees. The fee is $200 for all-electric vehicles, $100 for plug-in hybrid electric vehicles, and $50 for HEVs. Fees contribute to the State Highway and Transportation Department Fund. After July 1, 2024, the fees will also go to the County Aid Fund, and the Municipal Aid Fund. Vehicles that are registered with a military service and veterans special license plate with permanent decal pursuant to Arkansas Code 27-24-201 are exempt from the annual fee.
(Reference Arkansas Code 19-6-301, 27-14-614, and 27-24-201 and House Bill 1354, 2023)
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