The NJ BPU has recently released a compliance filing regarding the updated terms of the Charge Up NJ program for the 2024 Fiscal Year. The incentive terms are as follows:
MSRP < $45,000 = Up to $4000 (unchanged)
$45,000 < MSRP < $55,000 = Up to $1500 (down $500 from $2000 FY23)
- (unchanged) NJ Residents only (verified with DL), remain resident of NJ for 2 years after purchase/lease, must purchase/lease on/after the official start of the FY24 program, must maintain ownership or active lease agreement with registration with NJMVC for a minimum of 3 years (minimum 36-month lease), maximum 3 incentives per applicant in the 10-year active program period
Electric Vehicle Charger Rebate Remains unchanged
Incentive Program History:
Phase 1
- Up to $5000 for EVs, MSRP < $55k
- Post-Sale Rebate
Phase 2
- Up to $5000 for EVs, MSRP < $45k
- Up to $2000 for EVs, $45k < MSRP < $55k
- Point-of-Sale Incentive
Phase 3
- Up to $4000 for EVs, MSRP < $45k
- Up to $2000 for EVs, $45k < MSRP < $55k
- Point-of-Sale Incentive
- EV Charger Incentive Rebate - $250
Charge Up NJ (FY24) Compliance Filing (Draft for Public Comment):
Notice of Public Hearing (June 2, 2023, 12:30 PM EST):
