At a press conference in Asbury Park July 25, Gov. Phil Murphy was joined by several officials to announce the launch of year three of the Charge Up New Jersey electric vehicle incentive program, while also unveiling the state’s new residential EV charger program.
With a maximum of $4,000, Charge Up is the nation’s largest cash-on-the-hood incentive program. And more than 13,000 EVs were purchased or leased with it throughout the first two years of the program.
“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 Murphy. “That’s why I’m proud that my administration is doing everything in its power to make the transition to electric vehicles more financially feasible and practical for working families across the state.”
“Not only do we anticipate a highly successful third year of our Charge Up program, but we are equally excited about launching the residential charger program and the next round of our other robust, EV programs,” said New Jersey Board of Public Utilities President Joseph Fiordaliso. “Our goal is not only to encourage New Jerseyans to drive electric, but to ensure they have enough locations all around the state to charge up, regardless of where they live, work or play.”
The third year of Charge Up provides 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. In fact, all sales and orders made as of midnight July 25, 2022, at eligible dealership and showrooms may apply at the point of sale for their incentive.
Meanwhile, the new Residential EV Charger Incentive Program offers a $250 rebate for a home charger and can be combined with the already existing utility programs, which may help defray installation costs.
“New Jersey DEP has awarded nearly $10 million for 1,970 EV charging stations with 3,229 plugs on our corridors, and in our communities,” said New Jersey Commissioner of Environmental Protection Shawn LaTourette. “These charging stations will provide an extensive network of charging opportunities to support cars purchased under the Charge Up NJ program.”
“New Jersey must do everything possible to reduce and one day eliminate greenhouse gas emissions from the transportation sector,” said Zoe Baldwin, New Jersey director, Regional Plan Association. “In 2017, RPA’s Fourth Regional Plan called for scaling up incentives for electric vehicles and planning extensive, comprehensive charging networks. Five years later, New Jersey is well on its way toward those shared goals thanks to Gov. Murphy’s unwavering commitment to decarbonizing the Garden State.”
“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 bear considerable economic and environmental benefits,” said Murphy.
“Renewal of the Charge Up New Jersey program along with the suite of incentives for EV charging infrastructure doubles down on those efforts, making it even easier for drivers and businesses to do their part and help our state become cleaner, healthier and more sustainable,” said Baldwin.
The state also released the names of the newest grantees under the program Monday, and launched the next application window for the NJBPU’s three other EV incentives. More information on the grantees and applications for those programs is available here.