License fees and compensation for use of the highways payable pursuant to § 32-5-5 for motorcycles shall be determined by the piston displacement as follows:
(1) Less than three hundred fifty cubic centimeters, eighteen dollars;
(2) Three hundred fifty to one thousand cubic centimeters, inclusive, twenty-one dollars; and
(3) Greater than one thousand cubic centimeters, twenty-four dollars.
The license fee for any motorcycle propelled by an electric motor that draws power from a battery that is capable of being recharged is the highest fee level authorized by this section.