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New Jersey marks up EV ownership with additional $1,000 fee

Baua Electric

New Jersey is introducing an additional registration fee for EVs. Governor Phil Murphy signed a law last week renewing New Jersey’s transportation trust fund that adds an annual fee set at $250 this year, and rising $10 over the remaining four years covered by the legislation, bringing it to $290.

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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. Federal Tax Credits Regardless of your location, there is good news for businesses ready to upgrade their fleet to EV or offer cutting-edge service to their customers and employees.

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US COVID-19 mitigation efforts resulting in significant decline in traffic, emissions and fuel-tax revenues

Green Car Congress

New York carried the highest rate of cases during the reporting period. Drivers there and in the surrounding states of New Jersey, New York, Rhode Island, Connecticut, Massachusetts and Vermont drove at least 80% fewer miles after shelter-in-place directives began. Fuel saved, tax revenue lost. billion per week.

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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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Kia EV plans, NJ $1,000 EV fee, Stellantis’ EV skepticism: Today’s Car News

Baua Electric

New Jersey is asking for EV buyers to pay $1,000. This and more, here at Green Car Reports. With a bill signed into law last week, New Jersey is marking up EV ownership with an additional $1,000 upfront fee that applies on top of other existing registration fees. Kia keeps to its EV goals.

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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. Additionally, both manufacturers recently announced significant price cuts on both models.

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Virginia Scraps Hybrid Tax, Tesla In China, Green Honda Dealer: Today's Car News

Green Car Reports

Today on Green Car Reports: CEO Elon Musk says China may become Tesla Motors'' biggest market, Virginia scraps its hybrid-vehicle tax, and a New Jersey Honda dealer achieves electric-grid neutrality. All this and more on Green Car Reports.