It is estimated the transportation sector accounts for over 40% of carbon emissions in NJ. It also contributes to pollutions, especially in overburdened communities.
Jersey's 80/50 Global Warming report estimated that New Jerseyans purchase more than 500,000 fossil fuel powered passenger vehicles annually.
The 2019 NJ Energy Master Plan calls for electric vehicle adoption rates to dramatically increase from today’s rate of 8,000 annual electric vehicle purchases to more than 111,000 annually, with significant continual increases until 2035.
Check out this recent list of electric car options to help you navigate the EV choices.
Currently, most electric cars (except Telsa & GM) qualify for a $7,500 federal tax credit, taking a total of $12,500 off the purchase price of a new EV!
Alternative Fuel Vehicle Refueling Property Credit
If your home or business has an electric vehicle charging station that is in use, or if it is equipped to supply fuel for alternative fuel vehicles, you may be eligible for a federal income tax credit. https://www.irs.gov/forms-pubs/about-form-8911
The New Jersey State incentive program for EV purchase rebates is on hold, but is planned to be back up in 2022. Keep your eyes peeled on the Charge Up Program and for updates from the Environmental Commission.
And...want to add an electric vehicle (EV) charger to your home? Coming in 2022: An incentive of up to $250 toward the purchase and installation of in-home EV charging infrastructure.