New Jersey EV Tax Credits

Honda vehicles are already some of the most fuel-efficient and reliable on the planet. Now, with a Honda hybrid or electric vehicle in your Union garage, you can save on fuel costs even more. Maybe you want your investment in an EV to go beyond the fuel savings. You might be eligible for a NJ EV tax credit for your purchase of a new vehicle to take home with you to South Plainfield.  

Discover more about the available New Jersey electric vehicle and hybrid car tax credits. 

Charge Up and Drive Green: What Is the New Jersey EV Rebate?

Charge Up New Jersey and Drive Green are the two NJ EV tax credit programs. You can earn up to $4,000 when you buy or lease a new, eligible zero-emission vehicle, including a battery electric and plug-in hybrid electric. The program is very popular, and it may run out of money at some point during the fiscal year.

All of the program requirements are as follows: 

• Your vehicle must be purchased after July 25, 2023, for fiscal year 2023-2024.
• Purchase an eligible vehicle, like an electric or hybrid Honda at our dealership.
• The vehicle must be registered in your name in the State of New Jersey.
• Your name must be on the purchase or lease agreement.
• The purchase or lease agreement must be from a participating New Jersey dealership or showroom.
• You must provide proof of New Jersey residency by providing a state driver’s license.
• For active duty military members stationed in New Jersey but have permanent residency in another state. Military orders may get used as proof of residency.
• Your vehicle must be a new battery electric or plug-in hybrid electric vehicle.
• Your vehicle must have an MSRP of below $55,000.

To claim this New Jersey electric vehicle/hybrid car incentive, find an eligible model and an eligible dealer, then apply for this incentive at the point of sale with your dealer. 

There are two more ways to save money on your purchase and get an electric vehicle tax rebate for New Jersey drivers.

Does NJ Have a Tax Credit for EV?

Yes, and it’s worth up to $4,000 during any fiscal year. There are two other incentives. You will get a $250 incentive for purchasing an eligible EV charger for your home (Level 2 Charging). You also won’t pay any New Jersey sales tax for a zero-emissions vehicle, so you won’t have to pay an extra 6.625% in addition to the purchase price for a new Honda EV in your Kenilworth garage!

Test Drive a New Honda EV Near Kenilworth

Ready to get the most out of your EV purchase? Take advantage of the NJ EV tax credit while it’s available. Contact us or call 908-753-1500 to test drive a new EV. We’d love to put you behind the wheel of a new vehicle that fits your lifestyle, whether you’ve got your eye on a Honda Accord hybrid sedan or a Honda CR-V hybrid SUV.