What to Know About EV Tax Credits and Incentives in New Jersey

SUMMARY

• New Jersey offers up to $4,000 in state rebates plus federal EV tax credits up to $7,500, making electric vehicles more affordable than ever.
• Chevrolet’s electric lineup includes the Blazer EV, Equinox EV, and Silverado EV, all featuring impressive ranges and low maintenance costs for drivers.
• Hessert Chevrolet of Cherry Hill in New Jersey helps you navigate EV tax credits, incentives, and paperwork, ensuring you maximize savings on your new electric vehicle purchase.

Also Read: Electric SUV Showdown in Cherry Hill: Chevrolet Blazer EV Takes on Tesla Model Y

Living in New Jersey means navigating busy highways and scenic coastal roads. It also means you have access to some of the country’s best programs designed to help you switch to an electric vehicle. The combination of federal EV tax credits and New Jersey EV incentives makes going electric more affordable than ever. Driving an electric car is no longer a distant dream. It’s a practical choice that saves you money while helping your community enjoy cleaner air. Right now, both state and federal governments are investing heavily to make these vehicles accessible to drivers like you. When you visit Hessert Chevrolet of Cherry Hill, you’ll discover how easy it is to take advantage of these incentives. Beyond the financial savings at the pump, you’ll enjoy a quieter, smoother ride and the freedom of charging at home instead of making trips to the gas station.

Understanding State Level Rebates

New Jersey supports new EV drivers through a program called Charge Up New Jersey. This initiative is currently accepting applications and offers what many refer to as a New Jersey EV tax credit or rebate that gets applied directly at the dealership. You don’t have to wait months for a check in the mail. The savings appear instantly when you sign the paperwork for your new vehicle.

The program offers two levels of support. The standard Charge Up incentive gives you $1,500 toward an eligible electric vehicle. If your household meets certain income requirements, you qualify for the Charge Up+ tier, which provides $4,000 in total savings. This higher amount makes green technology more accessible to families throughout the state. Timing matters with the larger rebate, though. To receive the $4,000, you need to prequalify and get an ID number before taking delivery of your car. The prequalification process typically takes around ten business days, so plan accordingly.

When you’re ready to explore your options, Hessert Chevrolet of Cherry Hill is an excellent place to start. Our team understands the local requirements and can guide you through the paperwork for the state program. You’ll be able to see eligible models in person and learn which vehicles fall under the state MSRP limit of $55,000.

Tapping Into Federal Savings

Beyond state rebates, the federal government offers EV tax credits worth up to $7,500. These credits come with specific requirements about where your vehicle is assembled and where its battery components are sourced. Qualified vehicles must meet strict North American assembly and battery standards to receive the full amount.

One of the best features of the current federal system is the point of sale option. You can now transfer your EV tax credits directly to the dealer when you buy your car. This transforms a future tax benefit into an immediate discount on your purchase today. To qualify, you need to meet certain adjusted gross income limits. Couples filing jointly must earn under $300,000, while individual filers must earn under $150,000.

The federal program also sets MSRP caps to keep the credits focused on affordable vehicles. SUVs, trucks, and vans can cost up to $80,000, while other car types have a $55,000 limit. Many Chevy models like the Equinox EV and Blazer EV fit comfortably within these categories, making them excellent candidates for maximum savings. When you stack these federal programs with your New Jersey state rebates, the total discount becomes substantial.

The Chevrolet Electric Lineup

Chevrolet offers a range of electric vehicles designed to match different lifestyles and needs. You can explore the complete lineup of new Chevy EVs available at Hessert Chevrolet of Cherry Hill to find the perfect match for your driving style. The 2024 and 2025 Blazer EV stands out with an impressive range between 279 and 455 miles depending on which configuration you choose. This versatile SUV handles long trips across New Jersey or daily commutes into the city with ease, and it qualifies for state rebates between $1,500 and $4,000.

The Equinox EV is another popular choice, delivering about 319 miles on a full charge while qualifying for the same state rebates. If you prefer something more compact, the Chevrolet Bolt and Bolt EUV are excellent entry points into the electric market. The Bolt offers 259 miles of range, while the Bolt EUV provides 247 miles. Both are known for their efficiency and practicality. For drivers who need serious utility, the Silverado EV brings truck power to the electric world with a range that supports both work and recreation. Every one of these vehicles comes with an 8 year or 100,000 mile battery limited warranty for added peace of mind.

Life With an Electric Vehicle

The advantages of going electric extend well beyond the initial EV incentives you receive at purchase. One of the most noticeable changes is the dramatically lower cost of ownership. Electric vehicles don’t need oil changes, and they have fewer moving parts, which means fewer maintenance visits and less money spent on fluids and repairs. You’ll also save on brake wear thanks to features like One Pedal Driving and Regen on Demand. These systems use the electric motor to slow your vehicle while capturing energy to recharge the battery, keeping your brake pads in great shape.

Charging becomes as simple as plugging in your phone at night. Most EV owners find that home charging is the most convenient option. You wake up each morning to a fully charged vehicle ready for the day ahead. New Jersey sweetens the deal even further with up to $250 toward purchasing a qualifying Level 2 home charger through the In Home EV Charger Incentive. Many utility companies also offer discounted rate plans for charging during off peak hours, adding even more savings to your monthly budget. Our team at Hessert Chevrolet of Cherry Hill can answer any questions you have about setting up your home charging station and maximizing your savings.

Your Local Partner in Cherry Hill

Navigating EV tax credits and state rebates can feel overwhelming when you’re doing it on your own. Having a knowledgeable dealer by your side makes all the difference. Our team at Hessert Chevrolet of Cherry Hill is trained to help you understand exactly which incentives apply to your situation. We’ll walk you through the list of eligible vehicles and explain how point of sale transfers work for both federal and state programs, ensuring you maximize every dollar of savings available to you.

When you purchase your new Chevy EV from Hessert Chevrolet of Cherry Hill, you’ll also benefit from the Complete Care package included with your vehicle. This covers 24 hour roadside assistance for 8 years or 100,000 miles and includes your first maintenance visit. Having our local team ready to support you makes the transition to electric driving feel secure and straightforward.

Planning Your Purchase

Before you pick up your new car, take a few important steps to maximize your savings. Start by checking the New Jersey EV Savings Hub for the most current list of eligible models and program requirements. The state has allocated $215 million for EV incentives over several years, but high demand means these funds can be claimed quickly. Staying informed ensures you don’t miss out.

Next, figure out whether you qualify for the Charge Up+ incentive. If your household income falls within the qualifying range, apply for your prequalification ID before finalizing any lease or purchase. This simple step ensures you receive the full $4,000 instead of the standard $1,500 rebate.

Finally, explore your home charging options. Contact your utility provider to see if they offer stackable incentives that can be combined with the state’s $250 charger rebate. Setting up your charging station before your vehicle arrives will make those first few weeks of ownership much smoother and more enjoyable.

Switching to an electric vehicle is like upgrading from an old flip phone to a modern smartphone. You might have questions about range and charging at first, but once you experience the convenience, the performance, and the savings, you’ll wonder why you waited so long. With New Jersey EV incentives working in your favor and the dedicated support from Hessert Chevrolet of Cherry Hill, you can confidently drive into a cleaner, more affordable future. Read Next: Chevrolet Bolt EUV Brings Affordable Electric Driving to New Jersey

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