NJ EV Tax Rebates at Mercedes-Benz of Newton

As more automakers adapt to electric and hybrid vehicle technologies, you might be considering upgrading your Sussex ride. One of the leaders in EV tech, Mercedes-Benz has multiple electric models that can provide you with an environmentally friendly driving option. Yet their high price tags might dissuade some Hackettstown drivers from considering an electric vehicle.

If you’re wondering about gaining a tax credit for electric cars, you’re in luck. New Jersey has EV tax rebates and EV tax breaks that can help with your purchase. For those wondering about a tax credit for electric SUVs or NJ EV tax credits, Mercedes-Benz of Newton has the guide for you. Learn more below and call 973-383-8300 or reach out online for more information!

Available NJ EV Tax Credits and EV Tax Rebates

When purchasing an EV, you’ve probably read news articles spotlighting a tax credit for electric cars or a tax credit for electric SUVs. The truth is, that these are divided between federal and state incentives and each state has its own options. So what are some EV tax rebates or available NJ EV tax credits? Here’s what you can find when considering a new Hackettstown electric model:

EV Tax Rebates

• Receive up to $4,000 when you buy or lease a new EV.
• Gain up to $250 when you purchase an eligible electric vehicle home charger. You can combine this with any utility incentives for EV home charger installations.

EV Tax Credit

• Any Zero Emission Vehicle you purchase is exempt from New Jersey’s sales tax of 6.625% on the lease, sale, or rental of a new or pre-owned electric vehicle in weight classes 1-8. This does not apply to plug-in hybrid electric vehicles (PHEV).

Federal Tax Credit For Electric Cars

Now for the unfortunate part of the guide. Presently, New Jersey doesn’t offer any EV tax rebates or EV credits for Mercedes-Benz models. However, you are eligible for a federal tax credit for electric cars or a tax credit for electric SUVs when purchasing a Mercedes-Benz option.

Paying up to $7,500, this federal EV tax credit covers all of our Mercedes-Benz electric models and you will be eligible when purchasing one of them at our Newton location.

Experience Mercedes-Benz Electric Vehicles in Newton

Now that you know more about EV tax breaks and NJ EV tax credits, turn to Mercedes-Benz of Newton for your new all-electric selection. If you want to learn some electric car facts or find out how EV battery life works, we have some informative pieces on our website. Find out how you can reduce your carbon footprint around Sussex with Mercedes-Benz of Newton today!