Does New Jersey have a tax credit/rebate for electric cars? (2022)

My cousin is from New Jersey and he’s comparing the different tax credits available for EVs. Does NJ have a tac credit for electric cars?

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Answer provided by
Marlee John
Answered on Jul 19, 2022
Yes, the state of New Jersey has a tax credit for electric car drivers. Zero Emissions Vehicle (ZEV) drivers are exempt from the NJ sales tax; however, this does not apply to Plug-in Electric Vehicles (PEVs).
According to the Department of Environmental Protection, the New Jersey ZEV exemption program entitles drivers to a 6.626% savings when renting, leasing, or selling new or used EVs. This sales tax exemption is only available for fully electric vehicles, not low emissions vehicles or even fully electric vehicle parts.
The state of New Jersey does offer other programs which apply to a wider range of electric vehicles such as the EV and PEV rebate programs or the HOV lane exemptions on certain state highways.
The U.S. Department of Energy makes a list of incentives and funding opportunities on the website.
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