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Drivers who buy or lease an eligible battery electric or plug-in hybrid electric car can save up to $5,000 with New Jersey’s electric vehicle incentive program.
About 90% of the energy consumed from transportation in the U.S. comes from petroleum—and most greenhouse gas emissions come from the transportation sector, as well.
Hoping to encourage drivers to opt for electric vehicles, many states offer incentives like rebates that make electric vehicles more accessible.
Incentive programs differ depending on the state, so the car insurance
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How much can I save with the New Jersey electric vehicle incentive?
Through the Charge Up New Jersey incentive, you can earn $25 per mile on your electric vehicle (as determined by the car’s government-approved fuel economy number) up to $5,000.
How to get New Jersey electric vehicle incentive
You can claim your incentive in New Jersey at an eligible dealership. The dealer will submit an application on your behalf and your savings will be applied to the sale of your new electric car.
To qualify for this incentive, you must:
- Have a new battery electric vehicle (BEV) or plug-in hybrid electric vehicle (PHEV) that:
- Has an MSRP under $55,000
- Was ordered, purchased, or leased on or after July 6, 2021
- Is registered in New Jersey under your name
- Be a New Jersey resident and remain a resident for at least two years after buying or leasing the electric vehicle
- Keep the car for at least three years after buying or leasing the electric vehicle
- Leave the car’s hardware, software, emissions control systems, or hybrid system unchanged
How to find cheap car insurance for your electric vehicle
Once you claim your incentive, you’ll want to keep your new electric vehicle covered with Jerry.
Jerry is the easiest and most effective way to find a car insurance policy that is customized for you.
After providing you with a comprehensive cross-analysis of the best policies across providers, Jerry will handle the phone calls, paperwork, and renewals for your top pick so that you don’t have to.
Jerry even helps cancel your old policy! So why do all that extra work when Jerry can do it better?
“Jerry saved me $80 a month! I have a Tesla Model Y and really wanted to lower my rates. And they did! I really recommend you give this a shot!” —Nick M.
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