(The Center Square) – An increase of $74.25 for registering electric vehicles in North Carolina is the lowest increase of six states with fees instituting raises in the last two years, a new report says.
Even still, the state ranks among the most costly in the nation for alternative energy vehicle registrations, says the analysis released Tuesday by The Tax Foundation.
Residents pay $214.50 in addition to a vehicle registration fee. Tennessee has gone up $100, Kansas $95, Indiana $80 and Nebraska and Wisconsin each $75 since July 2023.
The only states’ residents paying more are New Jersey ($260), Georgia ($234.97) and Indiana ($230).
North Carolina is one of 13 states at $200 or higher. Of those baker’s dozen, only New Jersey, Pennsylvania and Rhode Island allow a tax credit on an electric vehicle purchase, the report says.
The hybrid registration fee is $107.25.
Ohio is the only state with a higher hybrid fee ($150). It also, like North Carolina, does not yield a tax credit for purchase of an electric vehicle and charges $200 at registration for them, according to the report from the international nonprofit research organization publishing studies on American tax policies.
Since passage of the $891 billion Inflation Reduction Act of 2022, analysis from the nonpartisan nonprofit group E2 as well as the Conveners Network says North Carolina has been a national leader in clean energy private-sector investments. Electric vehicle battery, charging infrastructure and transmission manufacturing are all components of the industry with impact on the state’s economic landscape.
Companies in the industry attracted to the state and starting or expanding production of various elements have included Toyota, VinFast, Wolfspeed, Albemarle, Natron Energy, Atom Power, MetOx, IONNA, Green New Energy and Siemens Energy.
