Modifies eligibility for electric vehicle incentive program; appropriates $30 million to Plug-In Electric Vehicle Incentive Fund.
This bill retroactively makes eligible for incentives New Jersey residents who purchased or leased eligible plug-in electric vehicles between June 1 and July 25, 2022 - when funding shortages prevented them from receiving the benefit under the existing program. It appropriates $30 million from the General Fund to the Plug-In Electric Vehicle Incentive Fund to cover these retroactive payments. The program provides one-time incentives for new light-duty plug-in electric vehicles priced under $55,000 registered in New Jersey, directly affecting buyers who missed the original funding window.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
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Full legislative history
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Total actions
1
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0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Environment and Energy Committee
upper
1 primary · 1 co-sponsor
Sponsors
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