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Is there a sales tax on electric cars in New Jersey?
I’ve been thinking about buying an electric car for my next vehicle in order to be more eco-friendly, but I live in New Jersey and want to make sure to take advantage of any and all incentives. Is there a sales tax on electric cars in New Jersey?
Allison Stone · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
There are many states that offer incentives for buying an
electric car
in addition to the federal tax credit
, and New Jersey
happens to have some great benefits!All zero emission vehicles (ZEVs) sold, rented, or leased in New Jersey are exempt from state sales and use tax. This exemption does not apply to partial ZEVs, including hybrid electric vehicles or plug-in hybrids.
While there are tons of incentives for buying an electric car, insuring one can be pricey due to a higher price tag and specialized parts. Get the best rates on
car insurance
when you shop with the Jerry
app. Download Jerry to get instant quotes on the best coverage for the best price. View full answer
- Gregory R.
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