article thumbnail

Power Up Your Garden State Business With New Jersey EV Incentives

EV Connect

Thanks to extended federal tax credits and robust New Jersey state EV charging incentives, this is the best time to invest in EV charging. Businesses can offset their initial costs and enjoy sustained savings for years to come. There is no way to predict whether the 30C tax credit will be extended again in the future.

article thumbnail

J.D. Power: EV price pressure grows as government incentives and lease deals wield outsized influence on consumer demand

Green Car Congress

The first evidence can be seen in consumer interest in the Ford Mustang Mach-E and the Tesla Model Y following the reclassification of both vehicles as SUVs, which made them eligible for a $7,500 federal tax credit under the Inflation Reduction Act. Likewise, the Bolt EUV has seen its total cost of ownership fall to $30,900.

Price 404
article thumbnail

Boost Your Savings: Best US States for Electric Vehicle Incentives

Setec Powerr

Colorado Colorado offers a state tax credit of up to $4,000 for the purchase or lease of a new electric vehicle. This credit is available for both new and used EVs and applies to both residents and businesses. Georgia Georgia offers an income tax credit of up to $2,500 for the purchase or lease of a new electric vehicle.

article thumbnail

EIA: California home to almost half of US plug-in electric vehicles

Green Car Congress

Several states offer tax incentives to reduce the upfront cost of PEVs to consumers. These incentives are in addition to a federal (nationwide) tax credit, which ranges from $2,500 to $7,500 depending on battery capacity and gross vehicle weight. sales and use tax. Electric vehicles per 1,000 vehicles.

Plug-in 381
article thumbnail

Lung Association report highlights health and climate costs of petroleum-based transportation and the benefits of shifting to ZEVs

Green Car Congress

In addition to California, the ZEV states are Connecticut, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, Rhode Island and Vermont. To clarify regional costs, the report breaks down the costs of smog, soot and climate pollution caused by passenger vehicles in each of the 10 ZEV states. New York: $7.9

Climate 150
article thumbnail

Berkeley Lab report finds installed cost of solar PV systems in the US dropped sharply in 2010

Green Car Congress

According to the report, the decline in PV installed costs seen by customer-owners of such systems in 2010 follows a significant drop in the wholesale cost for PV modules in 2009. As report co-author Galen Barbose explains, “ Based on our data, average installed costs held steady at $7.50/W W over the period from 1998 to 2007.

2010 207
article thumbnail

What's New for EV Charging in New Jersey?

EV Connect

For interested EV drivers and property owners, some of the most important to keep an eye on are the state-level incentives : grants, rebates, and tax write-offs. Here, we’ll be collecting news about some of the more recent programs and incentives you should be aware of, with brief descriptions of each. Why All the Fuss?