New Jersey halts electric vehicle rebates as demand remains too high

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New Jersey residents looking to buy or lease an electric vehicle won’t be able to get a government rebate — at least temporarily. That's because the state program is so popular that it's already running out of money.

LEONIA, NEW JERSEY - JUNE 17: The sun set behind EV charging stations on June 17, 2022 in Leonia, New Jersey. The Biden administration is revealing a new set of standards to help accelerate the installation of 500,000 electric vehicle chargers acrossNew Jersey residents looking to buy or lease an electric vehicle won’t be able to get a government rebate — at least temporarily — because the state program is so popular that it's already running out of money, officials said.

New Jersey's utility board estimates the program will support the purchase or lease of more than 10,000 vehicles this fiscal year, and it should be back up and running again once the new fiscal year starts July 1. A spokesperson for the Board of Public Utilities, Peter Peretzman, said Tuesday he wasn't sure if there are plans to increase the program's funding for next fiscal year.

New Jersey is among the states that have found success with electric vehicle incentive programs. A rebate program

 

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These things are so bad for the environment. Blows my mind

Lol

why is the gov in the business of subsidizing big business?

LOL does that speak to the number of dummies in NJ?

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