Bought, Leased A New EV In New Jersey In 2020? Big Check Might Come Your Way

Phase one of Charge Up New Jersey kicks off – you can now get your rebate check!

Back in January, we reported that New Jersey Governor, Phil Murphy, signed into law legislation that will make buying an electric vehicle in the Garden State much more attractive. The new incentive program offered a point-of-sale rebate of up to $5,000.00 on the purchase or lease of a new electric vehicle. 

The bill was signed into law and took effect on January 17th, 2020. However, the state still hadn’t ironed out all of the “Charge Up New Jersey” program details, therefore the rebates couldn’t be issued at the point of sale, as intended. However, all qualifying EV purchases and leases would still get the rebate check, once the program necessary to administer the checks was in place, and that just happened.

New Jersey selected the NJ Board of Public Utilities as the entity to administer the program and they stated they would have the program details completed and the program in full operation in about six months from the signing of the legislation. 

The NJBPU outlined a two-step plan, in which phase one would offer consumers that have already purchased a qualifying EV a means to get their rebate directly from the state. The second phase will enable dealerships to apply the incentive directly at the time of sale. Phase two is expected to begin sometime in July or August.