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 that only vehicles with the appropriate window sticker may park in the designated spaces, with violations subject to a fine of up to $250. The eligibility criteria for the stickers will evolve over time, initially allowing vehicles with a minimum fuel efficiency of 45 miles per gallon and later requiring compliance with stricter Corporate Average Fuel Economy standards. 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 report to the Legislature on its implementation.