2024 Tax Credits For Hybrid Vehicles In Nj. Beginning october 1, 2024, sales of zevs are subject. Since 2004, new jerseyans were exempt from paying the 6.625% sales tax when buying, leasing and renting new or used fully electric vehicles, based on the zero.

New jersey residents who purchase an ev may also qualify for the federal electric car tax credit of up to $7,500. A team of economists has taken on a central component of the inflation reduction act: