New Jersey launches third year of EV incentive, unveils new charger program
New Jersey Gov. Phil Murphy officially announced the launch of the third year of the state’s Charge Up New Jersey electric vehicle (EV) incentive program and unveiled a new Residential Charger Program.
The Charge Up Program is currently the country’s largest EV 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.
“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,” Murphy said. “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. 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.”
The new Residential EV Charger Incentive Program offers a $250 rebate for a home charger. It can be combined with existing utility programs, which may cover installation costs.
“I would like to thank Governor Murphy for his vision and leadership on electric vehicles. The Governor’s EV program has been a resounding success in helping us advance toward a clean energy future and today’s event is a great example of that,” New Jersey Board of Public Utilities (NJBPU) President Joseph Fiordaliso said. “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. 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.”
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. Also, in fiscal year 2022, NJBPU launched three new programs, collectively providing over $12 million in incentives for purchasing more than 900 Level Two chargers and over 60 Fast Chargers across the state.
NJBPU released the names of all the FY22 EV grant recipients and will also open 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 MUD EV Charger Incentive Program was designed to encourage owners and operators of multi-unit dwellings to provide EV chargers for residents and guests. The EV Tourism program provides funding for chargers at tourist locations across the state.
