Tax incentives and/or other incentives for drivers of electric vehicles in Collierville.
A low-speed vehicle is any four-wheeled electric vehicle, excluding golf carts, that achieves speeds of at least 20 miles per hour (mph) but not more than 25 mph. A medium-speed vehicle is any four-wheeled electric or gasoline vehicle that has a maximum speed of more than 30 mph, but not more than 35 mph. Low- and medium-speed vehicles must comply with the safety standards in Title 49 of the Code of Federal Regulations, Section 571.500.
Both low-speed and medium-speed vehicles are classified as utility terrain vehicles. Utility terrain vehicles may not operate on interstate highways or any road or street that has a posted speed limit greater than 45 mph. Additional conditions and exceptions apply. The departments of Transportation and Safety shall publish lists of roads and highways in the state where utility terrain vehicle operation is prohibited.
(Reference House Bill 0810, 2025 and Tennessee Code 55-8-101 and 55-8-191)
In addition to standard registration fees, EV owners must pay an annual fee, which increases according to the following schedule:
| Years | Annual EV Fee |
|---|---|
| 2024 to 2026 | $200 |
| 2027 | $274 |
| 2028 and later | $274, adjusted for annual inflation |
In addition to standard registration fees, hybrid electric vehicle (HEV) and plug-in hybrid electric vehicle (PHEV) owners will be subject to the following annual fees:
| Years | Annual HEV and PHEV Fee |
|---|---|
| 2024 to 2028 | $100 |
| 2028 and later | $100, adjusted for annual inflation |
Low-speed and medium-speed vehicles are exempt from the fee.
(Reference Tennessee Code 55-4-116)
Find all electric vehicle (EV) charging stations in and/or near Collierville (Tennessee). Search and compare local EV charging stations in Collierville, and find a convenient location to charge your car.