{"id":10800,"date":"2020-01-22T14:33:14","date_gmt":"2020-01-22T22:33:14","guid":{"rendered":"https:\/\/pluginamerica.org\/?p=10800"},"modified":"2023-03-07T13:04:16","modified_gmt":"2023-03-07T18:04:16","slug":"new-jersey-sets-the-standard-for-ev-rebates-and-policy","status":"publish","type":"post","link":"https:\/\/pluginamerica.org\/new-jersey-sets-the-standard-for-ev-rebates-and-policy\/","title":{"rendered":"New Jersey sets the standard for EV rebates and policy\u00a0"},"content":{"rendered":"

New Jersey Governor Phil Murphy signed a very extensive <\/span>EV legislation package<\/span> last Friday. Under the new law, New Jersey residents will be eligible for a rebate of $25 per mile of electric range on the vehicle, up to $5,000. For instance, a plug-in hybrid with a range of 30 electric miles will receive a $750 rebate, while an all-electric vehicle with a range over 200 miles will receive the full $5,000 rebate. While the program will be formally launched by July, the governor has confirmed that the rebate is effective immediately, so any vehicle lease\/purchase after January 17, 2020 will be eligible for the rebate.<\/span><\/p>\n

As before, zero-emission vehicles are also exempt from sales and use tax in New Jersey. <\/span>This rebate is also in addition to the federal EV tax credit of up to $7,500. Between all three incentives, an eligible $40,000 vehicle could receive a total of $15,300 in savings! For details on New Jersey’s incentives, visit Drive Green NJ<\/a>.<\/span><\/p>\n

New Jersey is aiming to have 330,000 electric vehicles by 2025 and 2 million by 2035 on the road. They also set aggressive goals for expanding the state\u2019s public charging network. We commend the state of New Jersey for placing a priority on electric transportation and setting a standard for other states to follow.<\/span><\/p>\n

Several other states also have new, updated, or notable incentives, including those below. For incentives in all 50 states, visit <\/span>Plug In America\u2019s incentives map<\/span><\/a> and visit <\/span>PlugStar.com<\/span><\/a> to explore vehicles available in your area.<\/span><\/p>\n

California\u00a0<\/b><\/p>\n

Clean Vehicle Rebate Project<\/em>
\n<\/span>A few changes to California\u2019s state rebate took effect December 3, 2019. The standard rebate is now $2,000 for all-electrics and $1,000 for plug-in hybrids with an MSRP cap of $60,000. Low- and moderate-income residents are eligible for an additional $2,500 rebate. The application must now be submitted within three months of the vehicle purchase. For details, visit the Clean Vehicle Rebate Project<\/a>.<\/span><\/p>\n

Income-Based Clean Air Vehicle Decal Program<\/span><\/em>
\nStarting January 1, 2020, a vehicle that was previously issued a Clean Air Vehicle Decal for HOV lane access may be re-issued a decal if all the following requirements are met. For details, visit the California DMV’s website<\/a>.<\/span><\/p>\n