Trenton - The New Jersey Board of Public Utilities (NJBPU) announced that it was ending Phase One of the state’s electric vehicle (EV) rebate program, “Charge Up New Jersey” on December 15. NJBPU cited the success of the rebate program as the reason for ending Phase One early. The NJBPU had $30 million available for rebates, and the program is on track to allocate all $30 million for about 6,000 new EVs on New Jersey roads.
The EV rebate program was created by the omnibus EV legislation signed by Governor Murphy in January. It provides up to $5,000 in rebates to anyone who buys or leases a new electric vehicle in New Jersey. Currently, the EV customer must purchase or lease the vehicle and apply for the rebates later, which can take months to process. NJBPU anticipates Phase Two of the program will begin in the summer of 2021, in which the rebates will be available at the time of purchase, rather than post-purchase as it was for Phase One.
Hayley Berliner, Clean Energy Associate with Environment New Jersey issued the following statement:
“The EV rebate program has clearly been a huge success, even during the pandemic, and we are thrilled to see the growing demand for EVs in New Jersey. This program was designed to spur demand for EVs to boost the numbers of EVs on the road, and it did just that. We need to continue to promote other ways to spur EV demand, meet the mandate of 330,000 EVs by 2025 and expand our electric vehicle charging infrastructure.
“We want to thank NJBPU President Fiordaliso and the staff at NJBPU for creating and implementing a successful EV rebate program amidst a pandemic, and for working to transition the EV rebate program to point of sale. This EV rebate funding was a key part of the EV bill that Gov. Murphy signed into law and created a national standard -- we need to keep funding the EV rebate program to spur demand and build up electric vehicle infrastructure to make it easier to drive electric and reduce climate pollutants.”