New Jersey Electric Vehicle Buyers Face New Taxes and Surcharges

TRENTON, NJ – If taxes are your number one concern, buying an EV in the Garden State might not be for you. Despite New Jersey Governor Phil Murphy’s push to a gas-less vehicle economy in 2035, a new surcharge, an expired tax, and increased sales taxes are on the near horizon.

It’s not exactly the best way to promote your anti-global warming agenda that hinges on people ditching their gasoline-powered cars.

The state of New Jersey has announced changes to its taxation policies on electric vehicles (EVs).

Previously, EV purchases were exempt from state sales tax, but starting from October 1, 2024, this exemption will begin to phase out. Initially, EV purchases will be taxed...