Illinois residents could be charged $1,000 a year to own an electric vehicle under new legislation

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Electric car owners in Illinois could take a large hit to their bank accounts after lawmakersproposed an extreme hike in registration fees for electronic vehicles in the state.

The proposal would raise the annual registration fee to $1,000, more than 57 times the current amount of $17.50.

Illinois officials believe the legislation will raise $2.4 billion for future projects, the major one being roadway improvement, according to the Chicago Tribune.

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The bill was introduced last week by Chicago state Sen. Martin Sandoval, a Democrat who says the registration fee hike is imperative to help fund necessary infrastructure improvements. – READ MORE

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