CleanTechnica•about 2 months ago
New Jersey Still Has EV Purchasing Incentives
Key Takeaway
The continued presence of state-level EV incentives in New Jersey signals sustained growth in electricity demand within the PJM market, creating opportunities for power development and grid infrastructure investment.
AI Summary
- •New Jersey continues to offer state-level EV purchasing incentives ($1,500), despite the cessation of federal programs.
- •Continued EV adoption in New Jersey, driven by these incentives, will contribute to growing electricity demand in the state.
- •This sustained demand growth presents opportunities for power developers (new generation, charging infrastructure) and large power consumers (fleet electrification, demand management) within the PJM market.
Topics
pjmpolicystoragetransmission
Article Content
After seeing many online predictions that US EV sales must drop off a cliff because of the loss of federal EV purchasing incentives, I wondered which states might still have them. California and Colorado still do and so does New Jersey. New Jersey residents can get $1,500 on a new ... [continued] The post New Jersey Still Has EV Purchasing Incentives appeared first on CleanTechnica .