Does the upfront cost of an EV make financial sense in NJ?

With available incentives, the upfront cost gap between EVs and comparable gas vehicles has narrowed significantly. NJ's Charge Up rebate and the federal tax credit can reduce the effective price by $7,500 to $11,500 on a qualifying vehicle. Lower fuel and maintenance costs further improve the long-term math. Leasing removes the upfront cost concern entirely while still delivering the monthly savings from lower operating costs.