New Jersey sets the standard for EV rebates and policy 

Industry

New Jersey Governor Phil Murphy signed a very extensive EV legislation package last Friday, effective immediately. Under the new law, New Jersey residents will be eligible for a rebate of $25 per mile of electric range on the vehicle, up to $5,000. For instance, a plug-in hybrid with a range of 30 electric miles will receive a $750 rebate, while an all-electric vehicle with a range over 200 miles will receive the full $5,000 rebate.

This rebate is in addition to the federal EV tax credit of up to $7,500, which, if eligible, could result in a total savings of $12,500 for consumers!

In addition, they are aiming to have 330,000 electric vehicles by 2025 and 2 million by 2035 on the road. They also set aggressive goals for expanding the state’s public charging network. We commend the state of New Jersey for placing a priority on electric transportation and setting a standard for other states to follow.

Several other states also have new, updated, or notable incentives, including those below. For incentives in all 50 states, visit Plug In America’s incentives map and visit PlugStar.com to explore vehicles available in your area.

California 

Clean Vehicle Rebate Program
A few changes to California’s state rebate took effect December 3, 2019. The standard rebate is now $2,000 for BEVs and $1,000 for PHEVs with an MSRP cap of $60,000. Low- and moderate-income residents are eligible for an additional $2,500 rebate. The application must now be submitted within three months of the vehicle purchase.

Income-Based Clean Air Vehicle Decal Program
Starting January 1, 2020, a vehicle that was previously issued a Clean Air Vehicle Decal for HOV lane access may be re-issued a decal if all the following requirements are met:

  • The new, current registered owner is NOT the owner of the vehicle when the decals issued prior to January 2017 expired;
  • The new registered owner name(s) matches DMV records.
  • The applicant’s total annual household income is at or below $65,760 (this amount is subject to change).

    • Total Annual Household Income requires the disclosure of the annual income of all members of the household, age 17 and older, who reside together and share common living expenses regardless if they are related.

Colorado

Plug-In Vehicle tax credit
Qualified all-electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) registered in Colorado are eligible for a tax credit. Starting January 1, 2020, the tax credit decreased to $4,000 for purchase or conversion; $2,000 for lease. Eligible purchased vehicles must be new and eligible leased vehicles must have a lease with a term of not less than two years.

A purchaser may assign the tax credit generated through the purchase, lease, or conversion to the financing entity, allowing the purchaser to realize the value of the tax credit at the time of purchase, lease, or conversion.

Massachusetts

MOR-EV incentive
Starting January 1, 2020, Massachusetts residents will be able to apply for the reestablish MOR-EV incentive. 

  • $2,500 on the purchase of an all-electric vehicle 
  • $1,500 for a plug-in hybrid with a range of at least 25 miles on a battery charge
  • Purchases must be made after January 1, 2020

New York

Drive Clean Rebate for Plug-In Electric Cars
The New York State Energy Research and Development Authority (NYSERDA) provides rebates of up to $2,000 for the purchase or lease of a new eligible PEV. 

Texas 

Light-Duty Motor Vehicle Purchase or Lease Incentive Program
All-electric vehicles and plug-in hybrid vehicles are eligible for a rebate of $2,500, for the first 2,000 applicants. One rebate is available per eligible vehicle.

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