(1)    The owner of a fleet of 10 or more vehicles that are automobiles or motor trucks with a gross weight of not more than 8,000 pounds may upon application register the vehicles under this section.

   (2)   Upon receipt of an application and the initial registration fees, the department shall issue registration plates of a distinctive design with the word “Fleet” embossed on the plate for all of the vehicles in the fleet. Notwithstanding s. 341.13 (1), the department may not require the placement of an annual registration decal on a registration plate under this subsection. The department shall provide, to the extent feasible, the same registration expiration date for each vehicle in a fleet. A vehicle may be registered as part of a fleet under this section regardless of whether, at the time of application for the initial registration of the fleet, the vehicle is currently registered with the department.

   (3)   A vehicle under this section shall be registered annually at the regular annual fee under s. 341.25 for the type of vehicle. In addition to the annual registration fee, the department shall charge an initial issuance fee of $8.50 for the initial registration of each vehicle registered as part of a fleet under this section.

   (4)   The department shall establish a system by which the registration of a fleet of vehicles under this section may be renewed by electronic means. A fleet owner who registers a fleet of vehicles under this section shall renew the registration of the fleet of vehicles using the system established under this subsection.