New Jersey is making a $10.8 million investment in increasing the number of electric trucks and buses on the road, Gov. Phil Murphy announced Aug. 9.
The figure includes $6.9 million in proceeds from New Jersey’s participation in the Regional Greenhouse Gas Initiative and $3.9 million from the state’s share of the nationwide Volkswagen Settlement, which will go toward 62 fast-charging stations.
To date, New Jersey has invested more than $100 million – with $57 million in RGGI proceeds and $60 million in Volkswagen Settlement funds – for 370 electric vehicles operating in overburdened communities, the Murphy administration said.
“While medium- and heavy-duty vehicles are fewer in number than passenger cars, they contribute a much larger share of emissions per vehicle, so there is a major benefit to the environment when we electrify them,” Department of Environmental Protection Commissioner Shawn LaTourette said. “In addition, RGGI proceeds have also funded four electric ride-sharing projects which increased clean mobility options for our urban residents. We will continue to look for opportunities to develop and fund those types of projects to ensure that all residents benefit from electrification investments.”
New Jersey’s Electric Vehicle Law from 2020 established the goal of implementing at least 1,000 community charging locations by 2025. The NJDEP’s latest solicitation for applications this spring yielded 214 applications for fast-charging stations across the state.
The 62 dual port fast-chargers being funded by the Volkswagen settlement will be installed at 31 locations, including town centers and commercial areas. Locations not selected for this round of funding will be considered as part of the State’s National Electric Vehicle Infrastructure Deployment Plan.
To date, the NJDEP has awarded more than $6 million for 1,126 chargers that have 1,938 plugs at 212 locations in New Jersey.