Requires that a motor vehicle that is powered solely by electricity and is capable of traveling at speeds of more than 35 miles per hour must pay a $100 fee annually when the vehicle registration is renewed. This fee is effective on vehicle registration renewals that are due on or after February 1, 2013. Proceeds from this fee are to be deposited into the Motor Vehicle Fund and used for highway purposes. After collections reach $1 million, revenues within the Motor Vehicle Fund must be distributed as follows: 70 percent to the motor vehicle account, 15 percent to the transportation improvement account, and 15 percent to the rural arterial preservation account. If a vehicle miles traveled tax or fee is ever enacted by the legislature the fee on electric vehicles expires.