All About Electric Vehicles

Electric Vehicle Benefits

Cost Effectiveness

The total cost to own and operate an electric vehicle is often cheaper than the total cost of a traditional car. On a standard residential rate, it costs approximately $1 for the current all-electric models to travel the same distance as traditional cars would on a gallon of fuel. That means you could save up to $1,000 per year in refueling costs alone—and charging off-peak can increase those savings. Many businesses and municipalities offer incentives to customers who own electric vehicles such as free public Level 2 charging.

Environmental

The benefits of a cleaner, greener ride go further than your individual impact. Transportation accounts for 36% of New Jersey’s greenhouse gas emissions, and gasoline-fueled vehicles produce roughly double the CO2 emissions compared to their electric counterparts. By driving an electric vehicle, you can help reduce the emissions that contribute to smog and climate change, improving the health of our communities and our planet. The energy from the grid powers electric vehicles, and as the grid becomes greener, so does driving the electric vehicle. With less or no tailpipe emissions, hybrid and fully electric cars help preserve the air quality, so you can breathe easy about your influence on the surroundings we all share.

Convenience

Plugging in electric vehicles at home helps to avoid a detour to the gas station. If you’re on the go and need to power up or don’t have charging at home, a growing number of charging stations are available in our service area—and across the country. DC fast chargers will fill up to 80% of your battery’s capacity in roughly 30 minutes.

Performance

Light-touch, instant torque and whisper-quiet operation are just a few of the advantages of fueling with electricity. Electric vehicle motors typically require less maintenance than internal combustion engines. Even brake pads last longer in electric vehicles because they use regenerative braking to slow down, converting the energy used to reduce the car’s speed into power that can be stored in the battery. For most drivers, the electric vehicle is ideal for commuting. The average commute time in New Jersey is less than 20 miles. 

However, electric vehicles are also designed to go the distance. The newest electric vehicles have a range of 140–400+ miles on a single charge.

How to Save on Your Electric Vehicle Purchase

Federal Tax Credits

All-electric and plug-in hybrid cars purchased new in or after 2010 may be eligible for a federal income tax credit of up to $7,500.

You qualify for additional savings just by living in our service area.

ZEV Sales Tax Exemption

ZEVs (Zero-emissions vehicles) sold, rented or leased in New Jersey are exempt from the state sales and use tax. The sales tax exemption does not apply to hybrid electric vehicles. N.J. Stat. § 54:32B-8.55

EV Rebate

The New Jersey Board of Public Utilities offers state residents a rebate covering $25 per mile of all-electric range, up to $5,000, for purchasing or leasing a new EV with an MSRP of $55,000 or less. EVs must be purchased or leased after Jan. 17, 2020. The PHEV and BEV rebates expire in Dec. 31, 2022, and June 30, 2030, respectively.

Toll Discount Program

New Jersey Turnpike Authority's Green Pass Discount Plan provides a 10% discount on off-peak New Jersey Turnpike and Garden State Parkway toll rates for drivers of vehicles with a fuel economy of 45 MPG or higher and meet the California Super Ultra Low Emission Vehicle standard. Vehicles must register with New Jersey E-ZPass®.

How to Charge Your Electric Vehicle

See our charging guide to learn more about how and where to charge your electric car.