zzdcar
Home
/
Reviews
/
Culture
/
New Jersey Considering Huge Rebate On Electric Vehicle Purchases
New Jersey Considering Huge Rebate On Electric Vehicle Purchases-July 2024
2024-02-19 EST 22:12:48

Image for article titled New Jersey Considering Huge Rebate On Electric Vehicle Purchases

A significant piece of legislation is currently making its way through the process in New Jersey right now aiming to make the Garden State one of the most EV friendly states in the union. The bill would aim to increase the number of electric cars sold in the state by giving buyers up to $5,000 in tax incentives and drastically expand the number of charging stations.

According to the bill has been approved by two committees on Monday, and heads to a vote before the current legislative session ends next week.

Areas of New Jersey have been given an F rating by the American Lung Association for harmful air quality, and the state is looking for ways to reduce its air pollution. It has already shuttered many of its coal-fired power facilities in deference to nuclear, biomass, natural gas, and greener power sources.

The rebate is meant as an incentive to get buyers into electric cars the state, which already waives its 7% sales tax on zero emissions vehicle purchases in addition to the federal income tax credit for EVs. The New Jersey bill limits the rebate to EVs with an MSRP under $55,000 and provides $25 per mile of range up to a max of $5,000. Under the bill’s proposal, any EV with at least 200 miles of range would receive the full rebate.

The rebate would also apply to plug-in hybrid electric vehicles, but with much shorter ranges the rebate amount would obviously be significantly less. To get max effect on your rebate, this would be best applied to a Hyundai Kona EV, Chevy Bolt, Tesla Model 3, or Nissan Leaf Plus as they are all under $55,000 and are rated to at least 200 miles of range.

The second part of the bill would also call for the installation of 1,000 additional level two chargers, and incentivize hotels, apartments, condos, and townhouse to add chargers. The goal is to have 30% of New Jersey shared living units with access to EV chargers and 50% of hotels.

New Jersey is already a bastion of electric vehicle purchasers, as there are over 26,000 registered EVs in the state. Part of the adoption problem, however, is that it is also the worst state to find an EV charging station with only 745 publicly accessible plug-ins statewide.

The third portion of the bill calls for all non-emergency state-owned cars and trucks to be battery electric by 2035 and NJ Transit will only be approved to purchase electric-powered buses starting in 2032. This is easily the piece of the bill with the fewest teeth. Electric buses exist now and many cities already use them exclusively. This would have made much more of a splash by starting it in 2020 rather than 12 years from now.

If the bill goes through, it would absolutely move the needle. This would bring a base model Chevrolet Bolt down from it’s starting price of $36,620 to $31,620. Add in the fact that you’d pay no sales tax and the federal rebatestill applies and you’ve got yourself a very inexpensive EV!

The days of New Jerseyites driving gas guzzlers? Fuggetaboutit!

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Culture
I Can't Get Enough Of This YouTuber Who Builds Tiny, Fully Functional Scale-Model Cars
I Can't Get Enough Of This YouTuber Who Builds Tiny, Fully Functional Scale-Model Cars
I love tiny, of . I have a that is roughly half the size of a normal cat, and she’s perfect. I own a 2013 , which is like the miniature version of a normal-sized vehicle (at least here in Texas) — but beyond that, I also own a Hot...
Jul 13, 2025
I Entered My Lifted Miata In A Real Off-Road Race, Here's What Happened
I Entered My Lifted Miata In A Real Off-Road Race, Here's What Happened
I have two automotive loves: The first is the Miata, the second is off-road racing. For a while I raced air-cooled Volkswagens in the deserts of California and Nevada and I was lucky enough to co-drive in a class 11 stock bug in the Baja 1000 a few years...
Jul 13, 2025
Subaru Had It Right All Along
Subaru Had It Right All Along
When first came to the United States, it sold small funky cars that were decidedly un-American. As the company grew its own identity and became more established in the U.S., it became the first automaker to offer an all-wheel-drive passenger car in 1975. Subaru was also an early-adopter of...
Jul 13, 2025
Watch ABS Fail When MotorWeek Tests A 1997 Chevy S-10
Watch ABS Fail When MotorWeek Tests A 1997 Chevy S-10
MotorWeek’s is some of the on the internet. The long-running automotive news magazine has a treasure trove of tests after being on the air for over 40 years. Where else can you find detailed instrumented testing of long-forgotten cars like the or a ? MotorWeek’s recent Retro Review upload is...
Jul 13, 2025
Toyota Is Moving A Prewar 700-Ton Press Machine Halfway Around The World
Toyota Is Moving A Prewar 700-Ton Press Machine Halfway Around The World
closed its São Bernardo Plant in November 2023, marking the end of its first overseas production facility. The closure caps off a period of continuous car production in São Paolo, , lasting over 60 years. The plant was home to a Komatsu 700-ton press that predates itself. And now...
Jul 13, 2025
2024 Kia EV9: What Do You Want To Know?
2024 Kia EV9: What Do You Want To Know?
At long last, we are about to get behind the wheel of for the first time. Sure, , and sure, , and sure , but hey — what can you do? Anyway, before we get behind the wheel of this three-row electric beast, we want to know what you...
Jul 13, 2025
Copyright 2023-2025 - www.zzdcar.com All Rights Reserved