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NJ boosts gasoline tax 22.5% to $0.507/gallon effective 1 October, diesel to $0.577

Green Car Congress

The increase brings the gasoline tax from $0.414 to $0.507 per gallon (22.5%). Under the 2016 law (Chapter 57) signed by Governor Christie, New Jersey’s TTF program is required to provide $16 billion over eight years to support critical infrastructure improvements to the state’s roadways and bridges. million.

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Tesla introduces financing product for Model S customers; lease-sale hybrid

Green Car Congress

Tesla Motors, in partnership with Wells Fargo and US Bank, has created an automotive financing product that combines elements of ownership and leasing for Model S customers. Elements of the new program include: US Bank and Wells Fargo have agreed to provide 10% down financing for purchase of a Model S (on approved credit.).

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PGE and SunRun Create $100M Home Solar Financing Fund

Green Car Congress

a provider of home solar financing, announced a $100-million tax equity project financing agreement to fund SunRun’s installation of more than 3,500 new home solar installations across the nation. Pacific Energy Capital II, LLC, a non-utility subsidiary of PG&E Corporation, and SunRun Inc.,

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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?

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Analysis concludes that current transportation policy in most US states will likely worsen GHG emission trends in US

Green Car Congress

Only three states—California, Maryland, and New Jersey—landed in the top tier of the scoring methodology, and 12 states fell into tier three, the lowest. transportation, and ensure state fuel taxes can support all transportation modes. Prioritize cleaner transportation modes throughout all programs and policies.

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The State of Medium- and Heavy-Duty Vehicle Electrification

Driivz

Massachusetts, New Jersey, New York, Oregon, Washington, and Vermont are adopting the same rules. On the plus side, the federal Inflation Reduction Act includes a tax credit of 30% of a commercial electric vehicle’s purchase price up to $40,000, and a few states offer incentives as well. However, that is likely to change.

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EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. As one might imagine, car dealerships are excited to share the $7500 tax credit to encourage you to buy a car.