NJ CAR Statement In Response To Governor Murphy’s Release About New Jersey Hitting 200,000 Total EV Registrations
NJ CAR Statement In Response To Governor Murphy’s Release About New Jersey Hitting 200,000 Total EV Registrations
NJ CAR President Laura Perrotta issued the following statement in response to Governor Murphy’s press release announcing New Jersey hitting the 200,000 total electric vehicle (EV) registration milestone.
Reaching 200,000 total EV registrations is a positive step, but we still have a long way to go to achieve Governor Murphy’s goal of 330,000 EV sales by 2025. Dealers want to sell what consumers want to buy, but they simply don’t want to buy EVs at the numbers mandated by New Jersey.
New Jersey’s EV market is governed by the California Air Resources Board’s (CARB) Advanced Clean Car II (ACCII) Rule which required New Jersey new car dealers to sell more than 100,000 EVs last year. Consumers bought less than half that amount.
The CARB mandates require EVs account for 23% of ALL vehicle sales this year. Through the third quarter of 2024, EVs accounted for 11.2% of all sales, less than half of the mandate. In actual numbers, nearly 342,000 total vehicles were sold through September, including 38,000 EVs. If New Jersey were meeting the ACCII mandate, that number should be nearly 79,000 EVs- a 41,000-vehicle shortfall.
Failing to recognize the marketplace realities, cutting the EV incentive, eliminating the EV sales tax exemption and adding a $1,060 EV registration fee to all purchases will not help the State meet its EV mandates.
Addressing EV affordability and protecting consumer choice are critical to success.
About The New Jersey Coalition of Automotive Retailers
The New Jersey Coalition of Automotive Retailers (NJ CAR), founded in 1918, is a non-profit organization serving approximately 520 franchised car and truck retailers throughout New Jersey, representing a nearly $43 billion per year industry. NJ CAR promotes the principals of commercial honor and integrity in the sale and service of motor vehicles. The Coalition keeps its members informed on a variety of business matters, practices, trends, and legislation. NJ CAR also works to ensure all members are educated to assure regulatory compliance.
