Where: New Jersey
What: An existing sales tax exemption for EV sales + a newly enacted $5000 rebate for EV purchase
How is the rebate funded? the state’s existing Clean Energy Fund
What other provisions are in the legislation?
- 10 year limit on the rebate
- 2025 deadline for 330,000 light-duty electric cars or trucks on the road
- 2 million by 2035
- 2040 deadline for 85% of all new light-duty vehicles sold in New Jersey are to be electric
- 400 fast chargers in 200 charging stations by the end of 2025
Philadelphia Inquirer | NJ Accelerates Its Electric Vehicle Sales with New Rebate