Resources for Electric Vehicle Owners and Buyers
The New Clean Vehicle Credit, Previously-Owned Clean Vehicle Credit, and Qualified Commercial Clean Vehicle Credit are not available for vehicles acquired after September 30, 2025. You must have acquired the vehicle or had it placed into service prior to September 30, 2025. You can demonstrate this by providing proof of a binding written contract and making payments on the vehicle prior to the aforementioned date. Sellers of used EVs and other clean vehicles must provide information about the vehicle’s qualifications for the credit.
There are new guidelines under the BBB (Big, Beautiful Bill) segment credits by date of purchase of your EV, whether the EV is new or used, whether the EV is for personal or commercial use, as well as seller, dealer, and manufacturer requirements.
For new vehicles purchased between January 1, 2023, and September 30, 2025: If you buy a new EV for your own use (not for resale), and your AGI does not exceed $150,000 for single individuals ($300,000 for married couples filing jointly), you can qualify for a $7500 credit.-
-For new vehicles purchased between January 1, 2023 and April 17, 2023: You receive a base amount of $2500, plus allowances for battery capacity per kWh, up to $7500 total.
- For new vehicles purchased between April 17, 2023 and September 30, 2025: You receive $3750 if the vehicle meets the critical minerals requirement, and another $3750 if the vehicle meets the battery components requirement, up to $7500 total.
-Your vehicle’s MSRP cannot exceed $80,000 for trucks, pick-ups, and SUVs, and $55,000 for all other vehicles.
-For new vehicles purchased between December 31, 2021 and December 31, 2022: If you buy a new EV for your own use (not for resale), you receive a base amount of $2917, plus allowances for battery capacity per kWh, up to $7500.
- For new vehicles purchased from August 16, 2022 to December 31, 2022 (and onward): The vehicle must undergo final assembly in North America.
-For new vehicles purchased prior to December 31, 2021: You may be able to claim it by filing an amended return for the tax year when you took possession of the vehicle, if you didn’t put it into commercial or personal use immediately.
-For used vehicles purchased between January 1, 2024 and September 30, 2025: If you purchase a used EV (or Fuel Cell Vehicle) for your own use (not for resale), from a licensed dealer for $25,000 or less, and your AGI does not exceed $75,000 for single individuals ($150,000 for married couples filing jointly), the credit equals 30% of the sales price, up to $4000.
- The car must have a model year at least two (2) years prior to the calendar year of purchase, and it must be used primarily in the United States.
New Jersey State Incentives:
The Charge Up New Jersey initiative promotes clean vehicle adoption in the state by offering incentives of up to $4,000 for the purchase or lease of new, eligible zero-emission vehicles, including battery electric and plug-in hybrid electric. Applications are open.
The requirements for each program are as follows:
| Program | Incentive | Qualifications |
| Charge Up NJ Incentive | $1,500 |
Limit Three (3) EVs |
| Charge Up+ Incentive | $4,000 |
Proof of Enrollment in Public Assistance Program (See List). |
|
In-Home EV Charger Incentive |
$250 |
Limit Two (2) Chargers |
New Jersey Turnpike Incentives:
- Off-Peak Fare Discount: EV owners receive a 10% discount with E-ZPass when travelling through tolls outside of the hours of 7-9 A.M. and 4:30-6:30 P.M.
- All EVs can ride High-Occupancy Vehicle (HOV, formerly Carpool) lanes on the Turnpike, regardless of the number of passengers.
For a long-form summary of all New Jersey state incentives, please visit the Department of Energy's NJ Site.
New Jersey Utility Incentives:
Somerset County is serviced by both Jersey Central Power & Light (JCP&L) as well as the Public Service Electric and Gas Company (PSE&G). Based upon your utility, you can apply for different incentives as follows:
For JCP&L, there are funds provided through the EV Driven Program, where applications close on July 15, 2026. There are funds provided to install EV charging ports at workplaces, retail operations, multi-unit dwellings, municipalities, and fast-charging at all commercial locations.
For municipalities, businesses, and those that apply, the process is as follows: Find an approved contractor to work with JCP&L on EV charging selection and site design, so that JCP&L can review eligibility and feasibility. Once your EV charging is installed and activated, JCP&L receives documentation and provides payment, after the charging infrastructure is built.
The incentives are as follows:
| JCP&L Program | Utility Make-Ready Incentive | Customer Make-Ready Incentive |
|
Residential Charging |
Up to $5,500 per site. |
Up to $1,500 per port. |
|
Multi-Unit Dwellings |
Up to $11,100 per site. |
Up to $6,700 per port (non-OBCs) and $8,375 per port (OBCs) |
|
Workplaces |
Up to $5,000 per port. |
|
|
Public (Level 2 Charging) |
Up to $6,700 per port. |
|
|
Public (DCFC Charging) |
Up to $50,500 per site. |
Up to $25,000 per port. |
For more information, please visit the JCP&L EV Incentives Site.
For PSE&G, there are funds provided through the EV Charging Program, with three subprograms: residential, commercial, and public DCFC.
The incentives are as follows:
| PSE&G Program | Utility Make-Read Incentive | Customer Make-Ready Incentive |
| Residential Smart Charging |
Up to $5,000 per site. |
Up to $1,500 per charger. |
| Level-2 Mixed Use Commercial Charging |
Up to $10,000 per site. |
Up to $7,500 per charger installation (up to 4 chargers). |
| Public Direct Current Fast Charging (DCFC) |
Up to $50,000 per site. |
Up to $25,000 per charger installation (up to 4 chargers). |
For more information, please visit the PSE&G EV Incentives Site. Additional support is available, Monday through Friday, from 8 A.M. to 5 P.M., by phone at 1-800-249-1837, and by email at PSEG-Electric.Vehicles@pseg.com.