Charge Up New Jersey Program exhausted for 2023

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The Charge Up New Jersey Program, a New Jersey Board of Public Utilities (NJBPU) electric vehicle (EV) incentive initiative, paused on Nov. 21.

The program provides financial and other incentives to residential customers, businesses and schools that install high-efficiency or renewable energy technologies. Drivers receive an incentive of up to $4,000 when they purchase or lease a new EV.

“For another year the Charge Up New Jersey program has been successful in supporting New Jersey residents who want to make the switch to EVs,” NJBPU President Christine Guhl-Sadovy said. “The success of the Charge Up program is evidence that more New Jerseyans want to drive electric and through this program they have the opportunity to do that.”

The agency estimates that $30 million will have been disbursed this year to support more than 12,000 new EVs. This year, EVs constituted12 percent of all new car sales in the state.

There were more than 123,000 EVs on New Jersey roadways as of June.

The fifth year of the program will open in July 2024.

Since May 2020, the Charge Up Program has provided more than $120 million in incentives for more than 35,000 EVs.

NJBPU authorizes and oversees the program.