The new incentive program will also give people $250 to help pay for the cost of charging stations at their homes.
It includes a payment of up to $4,000 to reduce the price of an electric vehicle and $250 to help pay for a charging station at their homes, Murphy said. Another $4 million will go towards giving incentives for apartment buildings and condominiums to install charging stations for their residents to use.
“There is no doubt that the tide has turned and electric vehicles are now a legitimate alternative, equal to their internal-combustion competitors in price if not superior in performance,” the Democratic governor said duringFrom D.C. to Trenton to your town, the N.J. Politics newsletter brings the news right to your inbox. Sign up with your email here:
The state is willing to chip in up to $4,000 for vehicles under $45,000 and, and up to $2,000 for vehicles priced between $45,000 and $50,000, Murphy’s office said.