New Jersey is raising gas taxes and a new electric vehicle fee to pay for road repairs, infrastructure

📆 3/27/2024 10:10 PM
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Starting in July, drivers in New Jersey will see an annual increase in the tax on gasoline — estimated at around 2 cents per gallon. Electric vehicle owners will see an annual road maintenance fee.

New Jersey is raising gas taxes and a new electric vehicle fee to pay for road repairs, infrastructure

It’s all part of a move to raise revenues for the state Transportation Trust Fund , which finances major New Jersey infrastructure projects, from state and interstate highways to bridges, transit construction, railroads, and runways, “and even those damn potholes,” Gov.

“The TTF is a win for our local municipalities and Camden County as a whole, because renewing the TTF means that we won’t need to raise our municipal or county taxes in order to pay for those transportation projects,” Hanson said. “Ideally, with the renewal of the TTF, we will continue to be awarded those grant funds to keep the cost to our taxpayers as low as possible.”

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