New Jersey Will Give You $5,000 For Buying Electric Car

The state of New Jersey just launched a $5,000 rebate project for electric vehicle purchases. N.J. has already suspended its 6.625% sales tax project, and the federal government is providing an income tax credit of up to $7,500 depending on battery capacity and model.

New Jersey is now proudly one of the most favorable places in the United States to buy or lease an electric vehicle.

“New Jersey’s rebate is about two-and-a half-times larger than either Pennsylvania or New York.” said Daniel Gatti, a transportation analyst at the nonpartisan Union for Concerned Scientists.

According to, the state also plans to soon offer up to $500 back to people who install charging equipment in their home.

This is a wonderful news for all electric car manufacturers that have sales in the state of New Jersey.

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