New Jersey Launches Year Three of Electric Vehicle Incentive Program

Governor Phil Murphy today announced 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 landmark electric vehicle legislation signed into law by the Governor two years ago. Further, the State released the names of the newest grantees and launched the next application window for the New Jersey Board of Public Utilities’ (NJBPU) three other EV incentive programs.

“Today’s announcement represents a major step forward in the growth of the State’s comprehensive and highly successful electric vehicle program,” a statement from the governor’s office said. “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.

The electrification of the state’s transportation sector, which accounts for more than 40 percent of the State’s greenhouse gas emissions, is a key part of the Energy Master Plan, the State’s roadmap to reaching 100 percent clean energy by 2050. By working to reduce emissions from both light- and heavy-duty vehicles, New Jersey is striving to achieve its bold emissions reductions goals while advancing environmental justice across the state. The Murphy Administration’s efforts to increase access to its incentive program complements the State’s measures to safeguard overburdened communities from the disproportionate impacts of pollution and climate change. Through the New Jersey Zero-Emission Incentive Program (NJ ZIP) funded by Regional Greenhouse Gas Initiative (RGGI) proceeds, the State is reducing harmful emissions, especially in communities disproportionately impacted by transportation emissions, and promoting economic opportunity.”

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.

Today, the State is also launching the 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.

The Murphy Administration’s commitment to jump-starting the transition to EVs goes well beyond the Charge Up Program. Over the last two years, NJBPU has approved EV Charging Incentive Programs for Jersey Central Power and Light, Public Service Electric and Gas, and Atlantic City Electric. Additionally, in Fiscal Year 2022 (FY22) NJBPU launched three new programs, which collectively provided over $12 million in incentives for the purchase of more than 900 Level Two chargers and over 60 Fast Chargers across the state.

NJBPU released a list of all FY22 EV grant recipients and will also be opening the FY23 applications for those programs—Clean Fleet, EV Tourism Charger and the Multi-Unit Dwelling (MUD) Charger Program.

The Clean Fleet program provides grants for government entities for the purchase of electric vehicles and chargers. The Program supports local and state governments as they transition their fleets to electric vehicles. Eligible entities include local schools, municipal commissions, state agencies or boards, state commissions, state universities, community colleges, county government, and county authorities.

The MUD EV Charger Incentive Program was designed to encourage owners and operators of multi-unit dwellings to provide EV chargers for residents and guests. Eligible multi-unit dwellings are apartments, condominiums, or mixed residential locations that feature a minimum of five units and have dedicated off-street parking. This program helps to encourage equitable access to the benefits of the EV transition.

The EV Tourism program provides funding for chargers at tourist locations across the state, encouraging residents and out-of-state travelers to choose NJ to charge up and unwind at one of our many destinations, whether a downtown, shore, or historic site.

Established in the EV Law, the State will provide at least $30 million in annual incentives for the Charge Up New Jersey program for a period of ten years. In FY23, the Board has budgeted $35 million for the Charge Up Program, $5.5 million for the residential charger program, $10 million for Clean Fleet, $4 million of which is dedicated to local government, $6 million for EV Tourism, and $4 million for MUD. The FY23 Appropriations Act includes additional funds for charging infrastructure and electric vehicles to meet the Electric Vehicle Act’s mandate of a 100 percent State fleet by 2035.

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