Amends GS 20-87(13) to increase the additional fee for initial registrations and renewals for plug-in electric vehicles that are not low-speed vehicles and do not rely on a nonelectric source of power, in three phases, from $130 to $175, $225, and $275, effective January 1, 2020, 2021, and 2022, respectively, and applicable to registrations and renewals due on or after those dates.

Enacts GS 20-87(14) to establish an additional fee of $87.50 for initial registrations and renewals of hybrid vehicles, effective January 1, 2020, and applicable to registrations and renewals due on or after that date. Defines hybrid vehicle to mean one that is capable of being propelled, at least in part by electricity, but is also capable of using motor fuel to propel the vehicle. Increases the additional fee for initial registrations and renewals for hybrid vehicles in two phases, to $112.50 and $137.50, effective January 1, 2021 and  2022, respectively, and applicable to registrations and renewals due on or after those dates.

Amends GS 20-4.02 to require the Division of Motor Vehicles (DMV) to adjust the additional registration fees for electric vehicles and hybrid vehicles for inflation set out in GS 20-87, beginning July 1, 2020, and quadrennially thereafter. Adds a new requirement for the DMV to adjust the additional registration fees for electric vehicles and hybrid vehicles set out in GS 20-87 beginning January 1, 2023, and annually thereafter, pursuant to the formula specified, adjusting for changes in population and the Consumer Price Index. Requires the DMV to conform to the consultation and publication requirements set out in GS 20-4.02(d) prior to making the adjustments.

Effective January 1, 2020.