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Electric Vehicle Charging Roundup
On October 23, 2024 the New Jersey Board approved proposed minimum filing requirements (MFRs) that will govern the EDCs’ proposals for medium and heavy duty EV charging infrastructure incentive programs. Press Release available here. (BPU Docket No. QO21060946.)
On October 1, 2024 the exemption on sales tax for EVs ended and the purchases will now be taxed at a rate of 3.3125% through June 30, 2025. Then, beginning on July 1, 2025, the transactions will be taxed at the state’s full rate of 6.625%. The sales tax exemption began in 2003 and is ending as EV popularity grows and the state budget tightens.
The state received a $250 million grant from the U.S. EPA to build charging stations along I-95 for electric freight trucks. The project will establish 24 freight truck charging sites in four states, equipping them with 450 charging ports. This infrastructure is expected to reduce greenhouse gas emissions by 18.6 million metric tons of CO2 equivalent by 2050, officials said.
The federal government approved Atlantic Shores’ plan to construct and operate an energy facility which is a major step in moving the project forward. The developers now need a review by the U.S. Army Corps of Engineers, and several state permits. The two-phase project will power 1 million homes. Local residents are continuing to oppose projects over concerns of underground cables.
