Thursday, 17 February 2011 11:37

NJ Assembly Approves Three bills to Promote EVs

A three-bill package designed to promote the buying of electric vehicles by New Jersey residents and businesses through tax credits was approved Feb. 17 by the NJ Assembly.

The package sponsored by nine Assembly Democrats comes shortly after President Barack Obama, in his State of the Union address, pledged to work to put a million advanced technology vehicles such as electric cars and hybrids on American roads by 2015.

The bills would:

  • Provide a corporation business tax credit or a gross income tax deduction for the purchase and installation of electric vehicle charging stations (A-3650). The proposal was approved 46-18-13.
  • Provide a corporation business tax credit or a gross income tax deduction for the purchase of an electric vehicle or plug-in hybrid electric vehicle and a corporation business tax credit for the purchase of an electric truck or electric bus (A-3651). The bill was approved 46-18-13.
  • Urge Congress and Obama to provide financial support and other incentives to the states to promote and incentivize the purchase of electric and hybrid electric automobiles (AR-133).   The measure was approved 53-17-7.

"It's clear that electric cars can play a lead role in tackling some of our biggest concerns, whether it be our reliance on foreign oil or environmental and health concerns," Assemblywoman Connie Wagner (D-Bergen). "These bills will help steer New Jersey in the right direction."

"We should be supporting cleaner energy alternatives such as electric vehicles to invest in our future," Assemblyman Daniel R. Benson (D-Mercer) said. "It will mean a cleaner environment, a stronger economy and job creation for our residents."

Wagner and Benson are joined in the sponsorship of the package by Assembly members Craig J. Coughlin (D-Middlesex), Angel Fuentes (D-Camden), Valerie Vainieri Huttle (D-Bergen), Wayne DeAngelo (D-Mercer), Kevin J. Ryan (D-Essex), Gilbert "Whip" Wilson (D-Camden) and Majority Leader Joseph Cryan (D-Union).