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After seeing many online predictions that US EV sales must drop off a cliff because of the loss of federal EV purchasing incentives, I wondered which states might still have them. California and Colorado still do and so does New Jersey.
New Jersey residents can get $1,500 on a new EV or new EV lease, and if they qualify based on income potentially another $2,500 for a total of…
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After seeing many online predictions that US EV sales must drop off a cliff because of the loss of federal EV purchasing incentives, I wondered which states might still have them. California and Colorado still do and so does New Jersey.
New Jersey residents can get $1,500 on a new EV or new EV lease, and if they qualify based on income potentially another $2,500 for a total of $4,000. There is also an incentive of $250 for a Level 2 charger.
Zach recently wrote an article about new affordable electric vehicles and five are less than $40,000 before incentives and potential fuel and maintenance and repair savings.
If a brand new base Chevy Equinox EV is about $34,000, subtracting $1,500 would put it at about $32,500. For someone who qualified for the extra $2500 it would only be $30,000.
If the New Jersey incentives are available when the new Leaf and new Bolt can be purchased, these vehicles will be under $29,000. (Who needs the mythical Tesla ‘Model 2’ which may or may not ever be available?)
A base Mustang Mach-e would be about $38,000 before incentives, but after it would be about $36,500 or $34,000 with the full incentive.
I know many people don’t want to buy a Tesla because they dislike Elon Musk or worse, but a new Model Y, with the incentives, might be only $38,500 or so or $36,000, and those are great deals.
A new decontented Model 3 would be about $37,100 with the first incentive and $34,630 with the full incentive. It could be an excellent choice for some people with those incentives.
All these EVs are less than 40k and are all good to very good choices, but with the NJ incentives they become excellent deals. In my opinion, they are much better than gas, diesel, or hybrid vehicles.
Climate change impacts have already cost the state of New Jersey billions of dollars and will continue to do so. Add all those billions of dollars to the prices of gas, diesel, and hybrid vehicles.
Gas, diesel, and hybrid vehicles all emit particulate matter, nitrogen oxides, sulfur oxides, Volatile Organic Compounds (VOCs), carbon monoxide, carbon dioxide, and ozone. New Jersey has air pollution that needs to be reduced.
“Sadly, too many people in the Garden State are living with dangerous levels of ozone and particle pollution. This pollution is making kids have asthma attacks, causing people who work outdoors to get sick and unable to work, and even contributing to low birth weight in babies. We’re urging New Jersey policymakers to take action to improve our air quality, including increasing clean energy production, expanding building electrification, and ensuring that the state is prepared to mitigate the effects of longer, warmer summers, droughts, and increased wildfires.”
Add all the costs to human health from gas and diesel emissions to the price of gas, diesel, and hybrid vehicles. With a full accounting of the the climate change impacts and human health costs, gas, diesel, and hybrid vehicles, in some cases, cost more than comparable electric vehicles.
The average cost of a new car in the US is about $50,000. There are new EVs that cost less, and with the NJ incentives, much less.
Whoever designed Charge Up New Jersey and wrote the content did a much better job than some of the other state EV websites I have seen. It’s concise and easy to understand.
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