Governor Murphy Announces Year Five of Charge Up New Jersey; Includes Thousands of Dollars in Incentives for Electric Vehicle Purchases

New Jersey Governor Phil Murphy and the New Jersey Board of Public Utilities have announced the launch of Year Five of the State’s Charge Up New Jersey electric vehicle (EV) incentive program, which promotes clean vehicle adoption by incentivizing the purchase of EVs and EV chargers.

“For the fifth consecutive year, my Administration is continuing its ongoing efforts to make clean transportation an affordable choice for New Jerseyans,” Murphy said in a statement. “By doing so, we will continue to ensure that every New Jerseyan – regardless of income or zip code – has ample opportunity to reap the full economic and environmental benefits of our clean energy transition.”

All eligible vehicles up to a Manufacturer’s Suggested Retail Price (MSRP) of $55,000 can receive a $2,000 base incentive starting today. Residents can take advantage of this incentive directly at the car dealership or showroom and apply the incentive instantly to their purchase or lease at the point of sale. Charge Up New Jersey also offers $250 for the purchase and installation of a qualifying Level 2 charger through the In-Home EV Charger Incentive.

At a date to be determined in Fall 2024, an additional income-based incentive of $2,000 will be available to prequalified income-eligible applicants for a total of $4,000.

Under legislation signed by Governor Murphy in 2020 establishing the State’s EV incentive programs, the NJBPU will provide at least $30 million in annual incentives for the Charge Up New Jersey program for a period of ten years. In FY25 Governor Murphy approved an additional $20 million to be added to the Charge Up New Jersey budget, for a total of $50 million available this year.

To date, more than 36,000 EV incentives and more than 6,400 EV charger incentives have been approved through Charge Up New Jersey. As of March 2024, there were more than 185,000 EVs registered in the Garden State, where EVs accounted for 2.59 % of total registered vehicles and 11.6% of new vehicle sales in March 2024.

Residents can find real-time updates on available funding through Charge Up New Jersey here. For more information regarding incentives to drive green, visit here. For more information regarding an additional federal tax credit toward an EV purchase, visit here.

It is important to note that Charge Up+ will not be available retroactively if an applicant purchases or leases an eligible vehicle prior to the introduction of the additional incentive.

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8 COMMENTS

  1. When I bought my Tesla in July of 2021 I got a $5,000 NJ rebate and $0.0 Federal tax credit.
    Today the new NJ $2,000 rebate plus the $7,500 federal tax credit combined with lower EV prices is a very good deal, but the interest rates are much higher today.
    EV’s are long lasting, reliable, maintenance free engineering marvels of which they drive beautifully.
    But the short range is the problem:
    In beautiful weather I wouldn’t travel more than a 100 mile round trip with it. With the AC or the heat running, I wouldn’t go more than a 75 mile round-trip with it. Ev superchargers: Forget about it: half of them are out of order or occupied, and that is IF you can find any on your trip.

      • Forget the miles your getting on a charge they are not a safe alternative to fossil fuels the pollution running diesel machines to mine for the materials in making these batteries and the fires releasing the chemicals in the air not just the thousands of evs that caught fire but also the battery plant fires emitting severe pollution google s korea battery plant fire where 22 people were killed these batteries burn at 5000 degrees

      • Forget the miles your getting on a charge they are not a safe alternative to fossil fuels the pollution running diesel machines to mine for the materials in making these batteries and the fires releasing the chemicals in the air not just the thousands of evs that caught fire but also the battery plant fires emitting severe pollution google s korea battery plant fire where 22 people were killed these batteries burn at 5000 degrees

  2. I have owned 2 Tesla’s so far, starting in 2019.
    I put on about 24,000 miles a year.
    couple pointers to what Mutty said

    1 – the newer version of the Model 3 (cheapest version) had an increase of range bringing it to 272 Miles. and the longer range has 341 miles. Also the new HVAC system, is much more efficient and doesn’t draw as much power (miles) you can make it to NY and back with no sweat (roundtrip). In my Model Y I have made it from Lakewood to Baltimore with no stops with plenty of battery left (one way).

    2 – 84% of the time I charge at home, which is a game changer. every morning I get in my car and I have a full tank. filled up while I was sleeping. No need to make an extra stop for that smelly liquid.

    3 – Superchargers – in my 5 years of driving a Tesla (over 100,000 miles) I never had an issue with a non working supercharger. I have supercharged in: Brooklyn, NJ (many locations across the state), CT, MD, DE, MA, NH, PA. Never had an issue finding a supercharger as the car technology automatically finds the closest supercharger based on you GPS destination. It also tells you ahead of time how many stalls are available and how many will be available when you arrive (it knows how many other tesla’s are heading to the same supercharger)
    Supercharger statistics: between 2018 – 2023 they were rated to have over 99% uptime. and they are open 24/7. Tesla has added 1,000’s more stalls across the State. I know my 2 most used supercharger locations tripled in the amount of stalls. (Woodbridge NJ and by Jersey shore outlets)

    and right now, If you apply the rebates. you can get a Tesla for much cheaper than a Honda Accord.

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