This bill establishes a requirement for parking areas with 100 or more spaces to designate at least five percent of those spaces for hybrid, electric, and alternative fuel vehicles. These designated spaces must be the most accessible after those reserved for handicapped persons and will be marked with green paint and signage stating "Hybrid and Alternatives Parking Only." The bill also mandates that the Chief Administrator of the New Jersey Motor Vehicle Commission issue window stickers for eligible vehicles, which will allow them to park in these designated spaces. Vehicles that do not meet the specified fuel efficiency standards will not be eligible for these stickers.

Additionally, the bill outlines the criteria for vehicle eligibility, including a minimum fuel efficiency rating of 45 miles per gallon for the first two years, transitioning to a requirement of meeting 163 percent of the Corporate Average Fuel Economy standards thereafter. Parking in these designated spaces without the appropriate sticker will result in a fine of up to $250. The bill is set to take effect 19 months after enactment and will remain in effect for 10 years, during which the Chief Administrator will provide the Legislature with information for evaluation purposes.