TRENTON – Governor Phil Murphy and the New Jersey Board of Public Utilities (NJBPU) announced the launch of Year Five of the State’s Charge Up New Jersey electric vehicle (EV) incentive program. This initiative promotes clean vehicle adoption by incentivizing the purchase of EVs and EV chargers.
“For the fifth consecutive year, my Administration is continuing its ongoing efforts to make clean transportation an affordable choice for New Jerseyans,” said Governor Murphy. “By doing so, we will continue to ensure that every New Jerseyan – regardless of income or zip code – has ample opportunity to reap the full economic and environmental benefits of our clean energy transition.”
“Charge Up New Jersey remains one of the NJBPU’s most popular programs and continues to drive EV adoption in New Jersey,” said NJBPU President Christine Guhl-Sadovy. “This year, we are especially excited to expand upon the success of our program through the Charge Up+ incentive, which will make EVs even more accessible and affordable for residents across the state starting this Fall.”
All eligible vehicles up to a Manufacturer’s Suggested Retail Price (MSRP) of $55,000 can receive a $2,000 base incentive starting today. Residents can take advantage of this incentive directly at car dealerships or showrooms and apply it instantly at the point of sale. Charge Up New Jersey also offers $250 for purchasing and installing a qualifying Level 2 charger through the In-Home EV Charger Incentive.
An additional income-based incentive of $2,000 will be available in Fall 2024 for prequalified income-eligible applicants, totaling $4,000.
Under legislation signed by Governor Murphy in 2020 establishing the State’s EV incentive programs, NJBPU will provide at least $30 million annually for ten years. In FY25, Governor Murphy approved an additional $20 million for Charge Up New Jersey's budget, bringing this year's total to $50 million.
To date, more than 36,000 EV incentives and over 6,400 EV charger incentives have been approved through Charge Up New Jersey. As of March 2024, there were more than 185,000 registered EVs in New Jersey, accounting for 2.59% of total registered vehicles and 11.6% of new vehicle sales in March 2024.
Residents can find real-time updates on available funding through Charge Up New Jersey here. For more information regarding incentives to drive green or additional federal tax credits toward an EV purchase visit here.
Please note that Charge Up+ will not be available retroactively if an applicant purchases or leases an eligible vehicle prior to introducing the additional incentive.
About New Jersey’s Clean Energy Program (NJCEP)
NJCEP was established on January 22, 2003 under the Electric Discount and Energy Competition Act (EDECA). It provides financial and other incentives to residential customers, businesses, and schools that install high-efficiency or renewable energy technologies to reduce energy usage and lower energy bills while reducing environmental impacts. The program is authorized by NJBPU.
About the New Jersey Board of Public Utilities (NJBPU)
NJBPU is a state agency responsible for ensuring safe utility services at reasonable rates for New Jersey customers. It regulates critical services including natural gas, electricity, water, wastewater telecommunications and cable television. The Board oversees utility service monitoring responds to consumer complaints investigates utility accidents.
