New Jersey Legislature Passes New Bill Mandating Accelerated EV and Charging Deployment
On January 13, 2020, the New Jersey State Assembly and Senate passed S2252 establishing sweeping transportation electrification targets statewide. If signed by Governor Murphy, the bipartisan bill would establish a statewide public charging network to support an estimated 330,000 light-duty EVs by 2025.
To support this acceleration, the bill proposes the deployment of at least 400 DC fast charging stations. To help expand the impact of this legislation, the bill also proposes the establishment of a statewide rebate program managed by the Board of Public Utilities. Funded at $30 million annually, the rebate program would offer incentives worth up to $5,000 to go towards the purchase of an EV with a sticker price below $55,000. Read More Here