For Immediate Release:	Contact: Tracy Munford
Date: 11/20/2023	609-940-1099

Trenton, NJ—The New Jersey Board of Public Utilities (NJBPU) today announced Year Four of the popular Charge Up New Jersey Program, its electric vehicle (EV) incentive initiative, is expected to fully commit all funds by Tuesday November 21, 2023. In June 2023, there were over 123,000 EVs on New Jersey roadways, and EV purchases constituted twelve percent of all new car sales for the year.

 

Due to the enthusiastic response to the Charge Up Program, which launched point-of-sale incentives at showrooms and dealerships for FY24 beginning on July 12, 2023, Year Four of the Program will pause on November 21 at 9:00 p.m. EST. By the close of the Program, an estimated $30 million will have been disbursed this year to support the purchase or lease of over 12,000 new EVs by New Jersey residents. 

 

“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,” said NJBPU President Christine Guhl-Sadovy. “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.”

 

Vehicle electrification is a key part of Governor Murphy’s comprehensive clean energy agenda, which includes a commitment to renewable energy, such as solar and wind, and energy efficiency targets to support New Jersey’s transition to 100 percent clean energy by 2035. Drivers looking to make the switch to electric have eagerly embraced the Charge Up New Jersey Program, which provides an incentive of up to $4,000 at the time of the purchase or lease of a new EV. In total, New Jersey’s Charge Up Program will have provided over $120 million in incentives for the lease or purchase of over 35,000 EVs since the program opened in May 2020.

  

Based on the program’s current rate of application approvals and eligible vehicle orders, NJBPU estimates that the program’s Fiscal Year 2024 (FY24) funding will be committed by purchases, orders, and leases made through November 21, 2023. To accurately capture all eligible orders for the program and ensure that residents have adequate time to receive and register their new EVs with the support of available program funding, the eligibility window for the FY24 program will be paused as of 9:00 p.m. EST on November 21, 2023. 

 

A letter issued by the NJBPU Secretary’s Office provides details on this action, giving applicants sufficient time to accept delivery of their vehicle and complete the purchase and lease paperwork for vehicles ordered within the eligibility window (July 12, 2023 through 9:00 p.m. EST on November 21, 2023) while still accommodating any delays due to supply chain disruptions. Dealerships and showrooms will be required to enter all eligible orders as described in the updated Terms and Conditions. The program administrator, Center for Sustainable Energy, will accept and review all applications with an eligible vehicle order, purchase, or lease date within the eligibility window.

 

In order to qualify for the Year Four Charge Up incentive, New Jersey residents must meet all requirements of the program including to order, purchase, or lease an eligible EV in the State on or after July 12, 2023 and before the pause of the program on November 21, 2023 at 9:00 p.m. EST.  In order to receive an incentive, eligible vehicles must be entered into the dealer portal within 14 days of purchase or order. Please note that due to the Thanksgiving holiday occurring within 14 days of the Program’s closure, vehicles ordered or purchased on the last eligible day have until December 8, 2023 to be entered into the dealer portal.

 

It is anticipated that Year Five of Charge Up will open in July 2024.

 

In New Jersey, EVs are exempt from the state sales tax. In addition, the federal government offers a tax credit for qualifying EV purchases, details can be found, here.

 

To learn more about the Charge Up New Jersey Program, additional eligibility requirements, and funding level information, please visit chargeup.njcleanenergy.com/.

 

The Charge Up Residential Charger Rebate remains active and is not impacted by the pause in the EV incentive program.

 

About New Jersey’s Clean Energy Program (NJCEP)

NJCEP, established on January 22, 2003, in accordance with the Electric Discount and Energy Competition Act (EDECA), provides financial and other incentives to the State's residential customers, businesses and schools that install high-efficiency or renewable energy technologies, thereby reducing energy usage, lowering customers' energy bills and reducing environmental impacts. The program is authorized and overseen by the New Jersey Board of Public Utilities (NJBPU), and its website is www.NJCleanEnergy.com.

 

 

Board of Public Utilities (NJBPU) 

NJBPU is a state agency and regulatory authority mandated to ensure safe, adequate and proper utility services at reasonable rates for New Jersey customers. Critical services regulated by NJBPU include natural gas, electricity, water, wastewater, telecommunications and cable television. The Board has general oversight and responsibility for monitoring utility service, responding to consumer complaints, and investigating utility accidents. To find out more about NJBPU, visit our website at www.nj.gov/bpu.