, electric vehicles may become more common in the state.
Rebates on electric vehicle purchases
Right now, even with more options on the market, a driver can expect to pay at least $30,000 for an electric vehicle. With the New Jersey Board of Public Utilities' plan, this can become a bit more manageable. The
of up to $5,000 are applicable for those who purchase or lease an EV.
This game-changing discount program has been used by the state before. With a previous iteration of the program, 7,000 drivers received rebates for buying electric vehicles. The program only stopped because funds ran dry last December.
While this rebate program is exclusive to New Jersey, those interested in electric vehicles should be on the lookout for tax credits. The federal government currently offers a tax credit of up to $7,500 for purchasing an EV.
The cost of EVs is the biggest barrier to entry, but the accessibility of charging is another key barrier. Gas-powered car drivers can drive confidently knowing that there is always a gas station nearby. This is not always true for EV drivers.
In New Jersey, this is a major issue. The state has fewer than 600 charging stations, and most of these are not rapid chargers like
. This means that if EV drivers need a charge in New Jersey, they may be stuck waiting for hours.
Electric vehicles can also be charged at home, but drivers have to have specific chargers installed.
There are plenty of reasons to purchase an electric car right now. The prices are decreasing and more charging stations are being added nationwide. If you live in New Jersey, the state's rebate program helps combat one of the biggest hurdles in purchasing an EV.
With more EVs on the market, it is clear that the automotive world is changing. Even those who do not drive electric vehicles now have access to safety features and other convenient technology that was previously not possible.
The way you buy car insurance is also changing, and Jerry is at the forefront of this change. Jerry's advanced AI car insurance comparison system helps find the right plan for you. It takes 45 seconds to sign up, and
Brandon Moore earned a Bachelor of Arts in English degree and Minor in Music at Truman State University (2021), where he has been published in the literary magazine Windfall. Originally from Illinois and Missouri, Brandon routinely travels throughout the Midwest. When he’s not writing and editing content, you can find Brandon hiking trails, writing and performing music, or spending time with his family in central Missouri.