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New Jersey: EV Rebate credits - retroactive to Jan 17th 2020

dmurphy

Active Member
Supporting Member
Dec 7, 2018
4,055
5,774
New Jersey - Morris County
FYI for anyone looking to buy an EV in New Jersey ...

The governor's office announced today that the EV credits are *retroactive* back to January 17th of this year, when he signed the bill ....

Office of the Governor | Governor Murphy Affirms Electric Vehicle Rebate Eligibility Effective as of January 17, 2020

So if you are waiting to buy a Tesla ... don't! Hop to it!

For those not familiar with New Jersey's EV program ...

#1 - There's now a $5,000 rebate for EVs with an MSRP under $55,000.
#2 - There is also a $500 rebate for home EV charging infrastructure
#3 - EVs are (no matter the MSRP) exempt from NJ sales tax

It's a super program. Not too many things in NJ make you say "wow, this is excellent!" -- but here we are.

The $5k rebate is supposed to come off the vehicle price at time of purchase. No waiting for a refund check. I don't know if Tesla is setup yet for that, but that's how it's going to work ....

PS - no relation to the governor. I promise.
 

dmurphy

Active Member
Supporting Member
Dec 7, 2018
4,055
5,774
New Jersey - Morris County
Great news but is there any possible way to spec a model 3 performance to under 55k to take advantage of this rebate? I really want a P but can’t figure out a loop hole.

LR AWD and then add the Acceleration Boost? Not exactly the same, but close enough for daily driving.

The 20” wheels on the P are a bit of a nightmare here in NJ anyway ...
 

dropgems

Member
Jan 11, 2020
275
222
New Jersey
LR AWD and then add the Acceleration Boost? Not exactly the same, but close enough for daily driving.

The 20” wheels on the P are a bit of a nightmare here in NJ anyway ...

yea, that was the compromise in my head. You’re just barely over the threshold with the performance that I was wondering if there was any possible way to get the car down like 2k.
 

dmurphy

Active Member
Supporting Member
Dec 7, 2018
4,055
5,774
New Jersey - Morris County
Wonder how/when they will set up the rebate so that it is taken off right away. Maybe I’ll wait until they figure that out.

Can’t wait too long though in case every one of the 60,000 vehicles is already taken...

the funding called for in the bill is a minimum ... If it’s popular (as I expect!) - they have the ability to add more.
 

CK123

Member
Feb 11, 2020
36
14
Central NJ
FYI for anyone looking to buy an EV in New Jersey ...

The governor's office announced today that the EV credits are *retroactive* back to January 17th of this year, when he signed the bill ....

Office of the Governor | Governor Murphy Affirms Electric Vehicle Rebate Eligibility Effective as of January 17, 2020

So if you are waiting to buy a Tesla ... don't! Hop to it!

For those not familiar with New Jersey's EV program ...

#1 - There's now a $5,000 rebate for EVs with an MSRP under $55,000.
#2 - There is also a $500 rebate for home EV charging infrastructure
#3 - EVs are (no matter the MSRP) exempt from NJ sales tax

It's a super program. Not too many things in NJ make you say "wow, this is excellent!" -- but here we are.

The $5k rebate is supposed to come off the vehicle price at time of purchase. No waiting for a refund check. I don't know if Tesla is setup yet for that, but that's how it's going to work ....

PS - no relation to the governor. I promise.


I just placed my order at the Princeton Tesla Store on Saturday, and there was no mention of this rebate? I paid full price $52k
 

dmurphy

Active Member
Supporting Member
Dec 7, 2018
4,055
5,774
New Jersey - Morris County
NJ as I'm sure you know is sales tax exempt EV. If a demand in NJ for other EVs get strong the nice dealers will raise prices accordingly. ... So a dealer in Md might be stuck with cars you can get cheaper.

We’re on a Tesla forum here. Tesla doesn’t have dealers, doesn’t adjust pricing by state and offers - quite literally - no advantage to buying out of state.

For the other guys, I doubt you’d find an out of state vehicle so much cheaper that it negates the sales tax and rebate incentives.
 

BUSMAN

Member
Jan 3, 2020
40
5
NJ
We’re on a Tesla forum here. Tesla doesn’t have dealers, doesn’t adjust pricing by state and offers - quite literally - no advantage to buying out of state.

For the other guys, I doubt you’d find an out of state vehicle so much cheaper that it negates the sales tax and rebate incentives.
I was just commenting in general sorry about non Tesla.
Dont think you've bought many cars out of state but the sales tax laws of the state you will register the car will apply to sale. Some out of state dealers might include your sales tax and registration but it is payed to state you will register in. NJ exempts EVs hence no tax. This is a Tesla forum so no need to point out 5k difference in advertised prices.
 

mitsits

Member
Jan 3, 2020
35
7
NJ
I just placed my order at the Princeton Tesla Store on Saturday, and there was no mention of this rebate? I paid full price $52k
definitely a little odd, but I wouldn't sweat it as you'll definitely be eligible. It'll likely be more work on your end with you having to do the application or whatever they end up rolling out for retroactive buyers, but as stated in the release you'll qualify for a 5k rebate/refund
 

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