Tax credits for buying and installing electric vehicle charging stations
Official: A 1039 — Provides corporation business tax credit and gross income tax credits for purchase and installation of certain electric vehicle charging stations.
Reading: The bill creates new tax incentives to encourage EV charging station installation, expanding clean transportation infrastructure.
The goal is to make it cheaper and more attractive to expand EV charging infrastructure across the state.
In clear language
This New Jersey bill would offer tax credits to businesses and individuals who buy and install electric vehicle charging stations. The credits would reduce what they owe in state corporate business taxes and income taxes. The goal is to make it cheaper and more attractive to expand EV charging infrastructure across the state.
How does this affect you?
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Who does this affect?
- Businesses that install EV charging stations at their locations
- Individuals who purchase and install charging equipment at home or on their property
- EV owners who benefit from more available charging infrastructure
- Communities looking to expand clean transportation options
What can you do?
- If you own a business, look into whether installing EV chargers qualifies for the tax credit once the bill passes
- Contact your state representative to support or comment on the bill during the legislative process
- If you own an EV, track the bill's progress to understand future charging expansion incentives
Timeline
- 2026-01-13: Bill introduced and referred to Assembly Commerce and Economic Development Committee
No New Jersey official has a verified action on this policy yet.
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