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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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The State of Medium- and Heavy-Duty Vehicle Electrification

Driivz

This is particularly true for cargo vans and similar medium-duty vehicles, driven by purchase commitments from large fleet operators, with heavy-duty fleet operators committing as well. Timelines for electrification of heavy duty vehicles tend to range from 2030 outwards and cover only percentages of new trucks purchased.