Bargain ends soon for registering electric vehicles in Arizona – Arizona Daily Star
What won’t affect your tax rate, though, is paying off your vehicle loan and having the lender’s name removed from the title.
For the record, MVD defines eligible alternative fuel vehicles as anything that can be powered by electricity, hydrogen, solar, or natural gas, whether compressed or liquefied petroleum. Hybrid vehicles that have gasoline-powered motors do not qualify.
The agency reports there currently are about 63,000 alternative fuel vehicles in Arizona out of about 7.44 million total registered vehicles. Of those 63,000, MVD reports about 41,000 are electric.
Another carrot the state is offering: Regardless of when an alternative fuel vehicle is first registered, MVD will issue a special license plate that allows access to High Occupancy Vehicle, or HOV, lanes at any time, regardless of the number of passengers in the vehicle.
Environmental issues aside, there are other enticements to going electric, with gasoline prices approaching $4 a gallon and the price of natural gas unpredictable.
On the other hand, this is an expensive time to buy a new vehicle. Prices of many cars and trucks — regardless of how they are fueled — has been on the rise, largely due to the supply chain issues that left manufacturers without some parts they need.
