New Jersey Electric Vehicle Incentives

11 Nov

Recent New Jersey electric vehicle incentives have made it more enticing than ever to invest in green transportation. Through a triple bottom line lens, or options that are good for People, Planet, and Prosperity, electric vehicles are a worthy alternative to typical fuel guzzlers. A NJ Spotlight article quoted a study that found “by 2050, the state could avoid more than $4B in healthcare and climate costs if it can convince motorists to switch to electric vehicles.” An October 31 conference hosted by St. Peter’s University Hospital and Keep Middlesex Moving delved deeper into the issue.

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There are direct benefits from emission reduction. Over half of the state’s carbon dioxide output derives from transportation. Cleaner air will reduce both asthma and other poor air quality days within the state.

Evidence shows people want electric vehicles. Seen in a “State of the State” presentation, preference for electric is at a rate three times more than hybrids. Batteries are being produced more cheaply than ever and models like the Chevy Bolt, Nissan Leaf, and Tesla Model 3 are affordable enough to bring EVs to a wider market.

The state is striving to increase the number of charging stations available. Princeton’s Peacock Inn just installed a Tesla charger and Hamilton Marketplace has operated a Tesla Supercharger over the last two years. Last summer, Quakerbridge Mall unveiled the state’s first EVGo charger that can charge two vehicles within 30 minutes. Projects like these reduce “range anxiety” felt by drivers looking for sufficient charge for traveling.

A repeated theme of the conference was that public and private partnerships were essential for instilling electric car opportunities in NJ. PSEG spearheaded a utility effort and controls over 100 of the 400 current stations. The New Brunswick Parking Authority has incorporated a test “Juice Bar” in the Gateway Garage and St. Peter’s Hospital has provided electric stations for its employees. The Clean Communities Coalition aims to affect state policies. There is already a $7,500 federal tax credit for drivers of All-electric or Hybrid Plug-in vehicles. For companies in NJ wishing to upgrade their facilities, there is over $725,000 in grants in the “It Pay$ to Plug-In” program.

In the near future, plugging in your car overnight will become as routine as charging your phone.

Note: A few days ago, we learned from a NJ Spotlight article that NJ will be part of “Charging Corridors” and locating chargers every 50 miles on I-80 and I-95.

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