TRENTON, NJ -- The push for greater use of electric vehicles is now full speed ahead with the enactment of a new law authored by Mercer County lawmakers Senator Linda Greenstein and Assemblyman Dan Benson, and signed by Governor Phil Murphy on Friday. The law establishes statewide goals for the purchase of plug-in electric vehicles, installation of charging equipment, and plans to move the state toward relying 100 percent upon clean energy by 2050.
"Increasing the use of electric vehicles is a critical step to secure New Jersey's clean energy future," said Governor Murphy. "By establishing aggressive goals and strong incentives for electric vehicles, we are repositioning our economy and state for a clean future. Today, I am proudly signing bipartisan legislation that will transform New Jersey's transportation sector and modernize our infrastructure to support our goal of reaching 100 percent clean energy by 2050."
The newly created "Light Duty Plug-in Electric Vehicle Rebate Program" will encourage the purchase of light-duty plug-in electric vehicles -- such as a car, minivan, sport utility vehicle, cross-over, or pick-up truck -- over a ten-year period by offering car buyers rebates of up to $5,000 per vehicle. These rebates will be annually funded by approximately $30 million from the Clean Energy Fund and Regional Greenhouse Gas Initiative funds.
"Electric vehicles are the future of transportation but many people are reluctant to make the switch. They cost more upfront and minimal access to charging stations creates uncertainty about their range," said Greenstein (D-Mercer / Middlesex). "By offering rebates to buyers and building convenient charging stations around the state, this bill removes those barriers and paves the way for widespread usage of electric cars."
Additionally, the Board of Public Utilities also will establish an incentive program for the purchase and installation of in-home electric vehicle charging equipment of up to $500 per person.
“Our goal is to get more electric vehicles on the road, which in turn will result in less greenhouse gas emissions that contribute to climate change, more local jobs to put the charging infrastructure in place, and cleaner air for our communities,” said Benson (D-Mercer, Middlesex), chair of the Assembly Transportation Committee. “For a cleaner, healthier State, this law puts forth strong attainable goals to increase the amount of electric vehicles and charging stations in New Jersey.”
Under the new law, at least:
- 330,000 of registered light duty vehicles in the state are to be plug-in electric vehicles by December 31, 2025 and at least 2 million by December 31, 2035;
- 85 percent of all new light duty vehicles sold in the state are to be plug-in electric vehicles by December 31, 2040;
- 400 DC Fast Chargers must be available for public use at no fewer than 200 charging locations by December 31, 2025;
- 15 percent of all multi-family residential properties are to be equipped with Electric Vehicle service equipment (EVSE) for the routine charging of plug-in electric vehicles by residents by December 31, 2025;
- 10 percent of new bus purchases made by NJ Transit are to be zero emission buses by December 31, 2024, 50 percent by December 31, 2026 and 100 percent by December 31, 2032.
Finally, the DEP will develop and implement a public education program to provide consumers information regarding the availability and benefits of plug-in electric vehicles, the new state goals, and availability of incentives.
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