TRENTON – Governor Phil Murphy and the New Jersey Board of Public Utilities (NJBPU) today announced the launch of Year Five of the State’s successful Charge Up New Jersey electric vehicle (EV) incentive program, which 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 the car dealership or showroom and apply the incentive instantly to their purchase or lease at the point of sale. Charge Up New Jersey also offers $250 for the purchase and installation of a qualifying Level 2 charger through the In-Home EV Charger Incentive.

At a date to be determined in Fall 2024, an additional income-based incentive of $2,000 will be available to prequalified income-eligible applicants for a total of $4,000.

Under legislation signed by Governor Murphy in 2020 establishing the State’s EV incentive programs, the NJBPU will provide at least $30 million in annual incentives for the Charge Up New Jersey program for a period of ten years. In FY25 Governor Murphy approved an additional $20 million to be added to the Charge Up New Jersey budget, for a total of $50 million available this year.

To date, more than 36,000 EV incentives and more than 6,400 EV charger incentives have been approved through Charge Up New Jersey. As of March 2024, there were more than 185,000 EVs registered in the Garden State, where EVs accounted 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, visit here. For more information regarding an additional federal tax credit toward an EV purchase, visit here.

Please note Charge Up+ will not be available retroactively if an applicant purchases or leases an eligible vehicle prior to the introduction of the additional incentive.