Governor Phil Murphy announced Monday the launch of Year Three of the State’s popular Charge Up New Jersey electric vehicle (EV) incentive program and also unveiled the State’s new residential EV charger program. Both the Charge-Up New Jersey Program and the Residential Charger Program are key parts of the electric vehicle legislation signed into law by the Governor two years ago.
The Charge Up Program is currently the country’s largest cash-on-the-hood incentive program, with a maximum $4,000 incentive. Over the last two years of the program, over 13,000 EVs were purchased or leased with this incentive.
In the first two years of the Charge Up Program the State provided incentives for more than 13,000 vehicles, with a greater concentration in Year Two of providing incentives for more affordable EVs. In Year Three the State will provide incentives of up to $4,000 for vehicles with MSRP’s under $45,000 and incentives of up to $2,000 for vehicles with an MSRP between $45,000 and $50,000.
As of this announcement, all sales and orders made as of 12:01 am on July 25, 2022 at eligible dealerships and showrooms of eligible EVs may apply at the point of sale for their incentive.
“With so much at stake amid the mounting climate crisis, it is imperative that we all do our part not just as New Jerseyans, but as global citizens, to help mitigate the impacts of climate change,” said Governor Murphy. “As we enter Year Three of the Charge Up New Jersey EV incentive program, we remain determined to meet our bold clean energy goals and are confident that thousands more New Jerseyans will take advantage of a program that will continue to bear considerable economic and environmental benefits.”
Murphy also announced the launch of New Jersey’s new Residential EV Charger Incentive Program, which offers a $250 rebate for a home charger. This program can be combined with the already existing utility programs, which may cover installation costs.
Find out more about Charge Up.