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. The federal tax credit ended for vehicles acquired after September 30, 2025; NJ's Charge Up rebate can still reduce the price of an eligible new BEV when the program is funded. 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.