ChargEVC released Wednesday its updated projections for electric vehicle adoption in New Jersey.
ChargEVC is a not-for-profit coalition of diverse stakeholders that includes retail automotive dealers, utilities, consumer and equity advocates, environmental and labor organizations and technology companies.
The report summarizes extensive new research to understand electric vehicle adoption trends in New Jersey, and projects the most likely trajectory for new electric vehicle sales through 2035 and beyond, according to ChargEVC. These projections provide a quantitative foundation for market planning, new benefit-cost analysis that is underway, and an assessment of New Jersey’s progress on vehicle electrification, according to ChargEVC.
“As of June 2019, New Jersey has attained 8.1 percent of its 2025 goal, but it took eight years of relatively strong growth to achieve,” said Mark Warner, vice president at Gabel Associates and Lead Author of Projections of Electric Vehicle Adoption in New Jersey. “The research makes clear that only with strong, sustained sales growth will we be able to achieve the Murphy Administration’s statewide goal of 330,000 registered electric vehicles by 2025. Our research confirms that the 2025 goal is highly achievable, but success will depend heavily on strong execution of market development programs to ensure the high levels of growth needed.”
ChargEVC says several key initiatives are already underway, and other actions are being considered by the state. A total of $30 million in the state budget has been dedicated to an electric vehicle rebate program expected to be in the market in 2020.
In mid-October ChargEVC, with NJCAR and PlugIN America, will launch the first EV Certification Program for automotive dealers funded by the New Jersey Department of Environmental Protection, ChargEVC and NJCAR. In June, Murphy announced The New Jersey Partnership to Plug In to ensure the state agencies work collaboratively with the private sector to meet and exceed the goal.