“Increasing the use of electric vehicles is a critical step to secure New Jersey’s clean energy future,” said Governor Murphy. “By establishing aggressive goals and strong incentives for electric vehicles, we are repositioning our economy and state for a clean future. Today, I am proudly signing bipartisan legislation that will transform New Jersey’s transportation sector and modernize our infrastructure to support our goal of reaching 100 percent clean energy by 2050.”
The legislation creates a “Light Duty Plug-in Electric Vehicle Rebate Program” to encourage the purchase of light-duty plug-in electric vehicles over a ten-year period. The rebates will provide up to $5,000 per vehicle and will be funded by approximately $30 million from the Clean Energy Fund each year. The bill authorizes the use of Regional Greenhouse Gas Initiative funds as well.
“Today’s bill will put more electric vehicles on the road and keep them running throughout the Garden State,” said New Jersey Department of Environmental Protection Commissioner Catherine R. McCabe. “This is more than just a win for electric vehicle owners, it is a big leap forward in reducing emissions in New Jersey, giving us cleaner air and helping to reduce the damaging effects of climate change. We thank the Governor and New Jersey’s legislature for taking this bold step, leading the nation toward a greener future.”
Obtained via nj.gov.