Lege TREND. Largest EV Rebate + Tax Exemption

Where: New Jersey

What: An existing sales tax exemption for EV sales + a newly enacted $5000 rebate for EV purchase

How is the rebate funded? the state’s existing Clean Energy Fund

What other provisions are in the legislation?

• 10 year limit on the rebate
• 2025 deadline for 330,000 light-duty electric cars or trucks on the road
  • 2 million by 2035
• 2040 deadline for 85% of all new light-duty vehicles sold in New Jersey are to be electric
• 400 fast chargers in 200 charging stations by the end of 2025

Philadelphia Inquirer | NJ Accelerates Its Electric Vehicle Sales with New Rebate