3 ms·
Meanwhile, New Jersey (one of the eight states mentioned here) just passed a law that increases the annual registration fee for EVs by $250/year, with automatic
by evanelias 3y ago
Meanwhile, New Jersey (one of the eight states mentioned here) just passed a law that increases the annual registration fee for EVs by $250/year, with automatic increases to this amount each year. And since new car buyers in NJ have to pay 4 years registration upfront, that's an extra upfront payment of $1000+ when buying a new EV.
The governor's budget also proposes eliminating the state's sales tax exemption for EVs (one of the few reliable EV incentives in NJ), which will effectively increase their upfront cost by another several thousand dollars.
I should mention the state does have a $5000 tax credit for new EVs. But it goes in and out of effect completely unpredictably, as funding runs out each year and then is reinstated arbitrarily some time the next year.
And this is all happening while EV sales are not doing well to begin with. There's basically no chance the ICE ban will happen as planned there.
And this is a blue state, with (iirc) ~40% nuclear and 10% renewable energy.
- dzhiurgis 3y agoIn NZ new right government (congratulated by Musk himself) scrapped incentives and slapped $80nzd per 1000km tax. Which is twice of phev or same as 7000lbs diesel truck.
- ryathal 3y agoRemoving incentives for EVs has to happen eventually, especially if ICE cars get banned. Something has to replace that loss in revenue.
- evanelias 3y agoEventually, sure. But 11 years ahead of the supposed ICE ban? When EV sales already aren't growing with those incentives in place? All this will accomplish is ensuring the ICE ban never happens. Also, this is more than "removing incentives" -- it's an outright EV penalty. The increase in registration fee for EVs is roughly double what the most popular ICE car (Honda CRV) pays in annual gas taxes in the state, according to Gothamist/NPR https://gothamist.com/news/what-drivers-need-to-know-as-nj-makes-electric-vehicles-more-expensive https://gothamist.com/news/what-drivers-need-to-know-as-nj-m...
- ryathal 3y agoThe incentives are to encourage adoption, if that happened, they should go away. As for the increased registration it needs to both offset the gas taxes and account for increased road damage.
- evanelias 3y agoYes, ostensibly the extra registration fee is supposed to go to improving the roads. But in NJ, ICE pickup trucks outnumber EVs, and they weigh more than EVs, causing more road damage than EVs. So why don't they have an even larger increased registration fee? One of the sponsors of the bill (that increased the EV registration fee in order to fund roads) is a state senator who is also the COO of a major roadwork construction company. He's also simultaneously the mayor of a 10,000 population town with only a couple public chargers. Way more trucks than EVs in his town btw.